He suggested the following as rules of thumb:Multifamily $100/month/unitSingle Family $200/monthCash on cash return 10-12% (annual cash flow/total cash invested)Equity of at least 25% (property value-debt)Total return over 5-10 years 15% (double the stock market) as measured by (total profit/total cash invested)/number of years1 or 2% rule-- rental income generated/purchase price = at least 1% or 2%Even if you know all these things, the webinar was a good refresher.

Stock market climbing back up, people buying houses. 

and pardon my ignorance but if i am managing my own property (looking for tenants, maintaining the lawn, etc.) inst that an actual business?

Contractor relations can be hard enough to maintain and control locally.

This allows you to rent one part of the property while living in another, and still maintaining your privacy. 

At this moment, I think we can triple our money in stocks in the next 12 months.  

You're not trashing the packages - you are "maintaining your property" by cleaning up debris on the porch. 

What are some creative options I should consider:Credit score: 800I have the capital to buy the property in cash if i liquidate my preferred stocks yielding around 5%.Should I consider a home equity credit line?

If you don't take this deal, what's the opportunity cost of maintaining the status quo and paying $1300 towards your landlord's mortgage every month?

That's a less than arms length deal not at FMV.In any case, I'd do a LLC for each property since they're not expensive and easy to maintain.