My first duplex Brrr gave me and my wife over $300k equity fairly fast while also allowing us to live at very low cost in an extremely desirable area. 

I see this a lot, and I think there's been so many bad projection tools on the market that the "what did this house earn" is a valid question.For investment properties there is a true number and buyers want to know how that compares to the projections. 

We won’t make a loan unless we know the borrower will earn a fair profit.The math works regardless of location or strategy, @Drago Stanimirovic.

These can be lease terms like charging a bit more for a month to month term or charging more for a more desirable unit.

This is what the above illustration shows.Once you know the property profile that will attract your desired tenant segment, you can find properties, either off-market or on the MLS.You make all decisions based on achieving financial freedom, and there's little luck or guessing required.

With a fresh perspective and a strong desire to learn, I am committed to building a solid foundation of knowledge and experience.

I would imagine there is a scenario or scenarios running through your head  which is prompting this discussion and desire to transfer title to an LLC.

Could be a realtor or other vendors who want to earn a fee for the service. 

Ask anyone with investment property and they'll tell you it's not passive.I earn enough from investments that I could be financially free for life, assuming nothing major happens.

Quote from @Melanie Baldridge: It's really simple: increase earnings, reduce expenses, save, invest, and wait.