In my case my HELOC is first position on my primary, which is essentially the same position you would be in on a paid off home.I then let the property "season" and build up equity.  

Yes I do have a agent (I haven’t signed any paperwork with them but they have been more than helpful with helping me look at listings that do become available) I have only seen one 4 unit in the past 10 months of looking and it was scooped up within being 5 days on the market.

Had a company that AHS sent over last year that replaced a heater, no issues.Different tech this year, same subdivision, different property, same setup (no pressure reducing valves and no pressure tank), and tech claims it needs "Sediment trap, expansion tank, T&P modifications, and permit", essentially more than what AHS says the new tank itself is worth.Figured I'd ask here if anybody knows the exact regulations, because the tech seems not to want to explain anything other than "We can't tell you by law, only American Homeshield can, we've told them what it needs".

Specially I want to know how to evaluate if the bank is essentially giving me a good deal.

Typically it will be 25% down and the standard loan paperwork (W2's, tax returns, etc) PLUS financials on the property (seller's Sch E).  

As an LLC, you can still opt for the S-Corp Election which essentially turns your LLC into a "pass-through" entity.

Essentially it is all the money you would receive in Cash on Cash, principal pay down (if it has mortgage), and appreciation upon sale.

This is going to essentially leave me with  30% out of pocket even at LTV as the property doesnt have a whole lot of equity.

However, even they have a price at which Austin housing becomes less attractive.On the City of Austin and the greater Metro Area:Single-family home sales in the Austin-Round Rock MSA were essentially flat in February 2017, increasing 0.9 percent year-over-year to 1,829 home sales.

Essentially becomes part owner through the LLC.