These considerations are crucial for both mitigating your risk and supporting the borrower in achieving a better financial position to refi out. 

The solution I outlined above is a cheaper, faster and more likely to result in achieving the outcome sought by OP. 

Passive income is something talked about, but the majority of real estate investing is far from passive and what is called passive has payments for the passivity (management).Your why is strong, to provide generational wealth for your family and likely achieve time freedom long-term, that's awesome.

Together, we can speed up the conversion process and achieve our goals.

On the corporate side I have seen both SPE ("Special Purpose Entity") LLCs and Trusts used for holding assets, largely depending on what the buyer is looking to achieve.

I am very excited to have a team help my family to achieve financial freedom. 

I believe that by working together and sharing our experiences, we can all achieve our investment goals.

Feel free to reach out if you have any questions or if there's anything I can do to help you achieve your goals.

(I do talk to them more about it now, but after 20+ years they have seen what we have achieved and don't try to tell me anything anymore.) 

With careful planning and prudent management, you can achieve your investment goals and build significant wealth through real estate.Best of luck, and keep us updated on your journey!