This feels excessive for wanting a passthrough corporation out of Wyoming and a local llc in Illinois where I work and produce income as self employed.

So, if you aren't producing then you are costing them money being on their books normally.As mentioned, plenty of agents, and other vendors, on BP are pretty bad, too... 

With time, the house hack has the potential to produce significant wealth.  

You need to assess what you are trying to achieve and what paths will produce the opportunities to get you there.

If someone is legit they can produce numbers otherwise... 

I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.

I have 33 rentals producing enough cash flow to support me the rest of my life, but I enjoy my work and continue working.

Rental properties have the potential to produce passive income over time with prudent planning and management.Syndications or Partnerships: To pool resources and participate in larger buildings or projects, think about joining real estate syndications or forming partnerships with other investors.

For instance, a property you purchase for 200k should produce 2k a month in revenue.

This is because lenders are primarily concerned with the income-producing potential of the property when determining its value.In regards to your second question, it is possible to buy a property from yourself or transfer ownership between entities.