It's not that Stu has tried and failed with this asset class, but he is pointing out that you have very preliminary understanding of investment principles and should look to expand your knowledge before being accountable for OPM. the fact that you're confusing mortgage payments with T&I impound is indicative.

Can you articulate the risks you believe you will  protect against and more importantly how this Wyoming LLC will aid in your objective?  

I am confident that I will be able to refinance the remaining seller note principle with private money to allow me to hold off on putting more money in the deal.

Principle pay down and appreciation are the main drivers behind my strategy, and I focus more on IRR instead of cash flow.

You missed an important item: Depending on how a person does #1 or #2, it could get them: A fast-pass to the "Principles Office" for "bullying" and now there sitting in "detention".... 

Real estate loans are taxed as you pay down the principle, not when you borrow the money.

Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags. 

We work on the principle trust, but verify.

This is a cultural heritage endeavor that integrates the principles of time, value creation, and sustainable growth.Much like pension funds hedge risks by leveraging long-term investment horizons, this model uses time as a financial and strategic asset.

Most importantly you seem to have an understanding that education is the foundation to build your investments on, and that will keep you from chasing shiny objects.