We take multiple trips and scout out multiple neighborhoods on each trip.  

@Austin Steed More layers certainly doesn't hurt and a lot of larger developers have multiple layers between them individually and the property holding LLC.If there is a single person who is buying multiple properties, I will sometimes recommend just having various single member LLCs, unless this person plans to JV with others, which in that case use of a parent LLC to act as a member in those JV LLCs is helpful, as well as the parent acting as the sole member of the other title holding LLCs. 

If your priority is finding a great property that you expect to have relatively low maintenance and steady occupancy, then I believe you can find plenty of properties in multiple different cities in both Tennessee and Arizona that will be close to the 1% rule and close to median pricing.  

I recently seen an explosion in my portfolio, by closed on multiple deals, and used up most of my liquid capital.

This LLC topic comes up daily, and now multiple times a day. 

Then divert the income from the rentals to pay down the HELOC, and then focus on paying down the principal on the various investment properties’ debts, ideally creating a snowballing effect where multiple properties help pay each other off.Do people just “bite the bullet” and accept slower business timelines when they only have enough capital to purchase a single property at a time?

Most of my investments have been buy and holds that I self manage but have been involved with multiple flips as well.

It seems counterintuitive, but broadening your net and search criteria into multiple markes will more likely then not slow your real estate investment process.

My wife and  I own multiple rentals in the Greater Tacoma area, and I have helped a number of investors, including several active duty soldiers, find great house hacks using their VA loan in the Tacoma/Olympia market.Happy to chat whenever you feel ready to get started! 

However, a nearby neighborhood little less competitive and needing less work was recently in market for 350K, got multiple offers above list price.