If you were my client I would say several things at this point;Whether you're a newbie or a seasoned investor the rules of successful investing still apply and due diligence is vital so cool your jets. 

Here is a simple example of what I'm talking about:Property 1: Purchase Price $100,000Annual Cash Flow: $1,200Appreciation Rate: 4%Appreciation Year 1: $4,000 Cash Flow Plus Appreciation: $5,200Property 2:Purchase Price $100,000Annual Cash Flow: $600 (Half as much as property 1)Appreciation Rate: 6%Appreciation Year 1: $6,000Cash Flow Plus Appreciation: $6,600In this example, you're getting 100% more cash flow in Property 1, but only one third more appreciation in Property 2, and you still end up better off at the end of year 1 with Property 2.

Hopefully simple question.

@Crystal Smith is spot on, it's not as simple as the 1% rule. 

I know there are many other options, but they always seem to muddy the waters come tax time and I like to keep things as simple/clean as possible.  

You need a lawyer if you are doing anything special, but setting up a simple single-member LLC can be done DIY if you choose. 

I would try to keep it simple.

I keep my investing fairly simple (there are soooo many ways to finance your property). 

The simple spray and wipe actions you see, are for looks.

., these items have fixed cost (some was shown on their site) that can be either be removed or credited for the Loan Estimate.I don't want to be too naive here and I know that there are many bureaucracies and automated steps that could make a simple adjustment a big hassle.