Like I said I don’t really know the full spectrum of their options  

Everything in real estate is moving toward teams because they can get the leads and give the training and coaching that brokerages can only do on a broad spectrum.

@Gabriel Fairman - If your post answers one question it is this - you will get the full spectrum of responses when you post to BP!  

If you have time and knowledge but no money, that's often where the Do It Yourselfer falls on that spectrum.

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Unless you are doing flipping (or AirBnb), in which case I suggest you look into Series-LLC and you operate each flip in its own child-series (if not clear why, ask for more details).Here are some diagrams to help you in this quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection nirvana - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramHow a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresLet me know if have questions or want to chat further - I can give you my investor perspective.PS.

Out of state always has the potential (on the worst case end of the spectrum) to be a nightmare.

@Adam HolbrookWe have gone the spectrum on auctions. 

It rents at the low end of the spectrum with very little to no vacancy, and 1b/1ba's in the area can range from $1,000/month (grandfathered in leases in similar units) to $1,800+ for summertime leases on renovated, professionally marketed units.  

Other end of the spectrum as you get too expensive your COC diminishes as the home prices keep rising but rent doesn’t proportionately.  

A couple of examples on opposite ends of the spectrum could be..1- you buy the house putting 20% down selling assets to accomplish this.