Start looking at and analyzing real estate (in the asset class you will be buying): the easiest will be a condo, then a SFH, then Duplex etc  (decide what you like and then know it : how much is it selling for, price per square foot for fixer, or finished home etc ) Figure out retail market: then go after anything that is 15% to 20% discounted.

That being said, there are clients of mine who own hundreds of properties and they like to put 2-3 properties in an LLC as 2-3 properties are a small percentage of the total properties in their portfolio.The land trust structure could have different benefits in other states, but we normally do not advise clients to use a land trust and an LLC in Ohio, except in the case where our estate planning team advises clients to form and hold assets, including membership interests, in trusts for estate planning purposes.

That would normally be done within a LLC. 

Does my electricity bill amount sound normal?

@Michael Baum Hey Michael, a legal ADU qualifies as a “Homestay” and is therefore not subject to the 400 foot rule.

Happy to help you take a closer look at the deal and give some additional insight, feel free to shoot me a DM.Jonathan Jennings with Falcon Foundation gives free quotes (normally can do same day or next day) and is well trusted throughout KC.

You can do a comparison of price per square foot.

I normally ask buyers to be exclusive for at least 6 months. 

Do you have a primary residence that will get your foot into the door of real estate and help you learn the game of investing and all that is encompasses?

Moved quickly, offered over the asking price (but not crazy), offered more earnest money than normal, told them we would accept the home "as is" as long as there weren't major inspection issues.