I hope to build my portfolio with this property as well

My main focus is our investing business with Ryan Dossey  Growing capital and building our portfolio.  

As long as the property stays in the LLC it will only be financed by a portfolio lender.

My Goal and niche is to build portfolio of Buy and Hold units and try some flips in the process.Cash will always be a concern and how I will inquire the next unit.Now I need the support of BP.

I have one rental property and looking to expand my portfolio under the "buy and hold" umbrella.

You want to "control everything, own nothing" so as to be as unattractive a lawsuit target as possible.You want to assure that a lawsuit from one property will not endanger others, or at least not a "large" portfolio of smaller properties.You want to emplace a layer of protection between your entity structure and yourself personally, as well.

Only a disgustingly rich person, who couldn't care less what happens with the investment, doesn't spend some time managing the investment, even if that's just discussing strategy with their portfolio manager once in a while.

FHA Inspection called for egress window which was a surprise so to make it quick we upped the purchase price to $196000 to cover the $2000 price for egress window.Total rent is $2700 and my mortgage is $1226 so once all operating expenses were added in I am cashflowing about $950 which for my area is awesome since most multifamiles are at 6-8%  Cap Rate and my property was 11%.I financed using FHA loan putting only 3.5% down because my plan is to move into a unit for a couple of months do renovations to get the rent up and then buy another multifamily and repeat.So there you have it and I am very excited to continue building my portfolio but I know and will reiterate the point that you can spend all your time learning and dreaming but once you make that first step it suddenly turns into you running and making your dreams come true.  

Currently I have a small portfolio. 

Maybe someone from there will jump in.Unless you're buying a big portfolio, one-off SFRs usually sell based on one of two things:CompsRent RollIn Austin right now, rent rolls have very little to do with the value of houses.