Personally I primarily focus on Rental properties and besides BP I also love InvestFourMore, where Mark have a lot of focus on rental properties.I currently have a couple of single flats, (nothing fancy!)

Paying off your mortgage may not make you as much money as investing them money elsewhere, but neither does buying a fancy car or a house that is too big, or taking vacations to Hawaii, and isn't that what the gurus tell us we should do with all the money we make in real estate anyway?

I understand the basic routine, however, I need to go through the process myself.

Too fancy and you’re going to turn some people off, too basic and same thing.

My park with all old single wide homes makes the same money per lot as the fancy double wide park up the street.

But, on this website it seems pretty routine that people contribute in their own way while also getting their business out there in the REI community. 

So that argues in favor of one LLC per property.If you co-mingle funds between yourself and the LLC or between LLCs, you are ignoring the corporate separateness of the LLC and providing grounds for a creditor to "pierce the corporate veil" - a fancy way of saying that they can ignore the LLC, too, and reach the commingled assets as well.So, if you are going to bother having an LLC, it's critical to observe the property formalities, like separate bank accounts and hiring bookkeepers and accountants to keep your books and tax records in good order.Presumably, you are in this business to build long-term wealth.  

As far as working with an Investor/Agent, you have to develop a trust and understanding that you wont step on each others toes, find your own deals, dont just sit and wait for your agent to email you deals, be diligent in your search, watch every day, look at the auctions, and  MLS, every day or even several times a day, its part of my routine.

It's essentially a really fancy RV on RV hookups. it's movable on a trailer, parked on concrete and on additional supports.

Ask some of the people in foreclosure how they like their “fancy” loans...Better to not do a deal than it is to deal a deal that you regret!