Typically a lower yield property is the market determining that that property is lower risk than some huge pro forma cash flow property, which likely has that proforma cash flow being so much larger because the market views it as a higher risk asset.

Keep a level head.. and do realize that like most things that have really big money potential it takes a lot of work a lot of drive and some capital..

This is perilous territory on a number of levels. 

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

It's pretty chill, no pitches, no sales, just investors of all levels sharing their experiences.

You will typically receive lower rates than what you would see with a hard money lender. 

Would it be better to go for a lower end home and use a 203k loan to rehab and finance or get one that's not as bad off and start there?

Much lower price point for ours than yours and they aren’t lasting on the market.

Wages there will be lower, too.  

I discovered BP 3-4 years ago when I was first introduced to REI by successful friends in a Multi Level Marketing company I was apart of.