In other words, if there was a judgement against you, very difficult to impossible for them to come after your 401k money. 7) Your 401k avoid probate when passing onto your heirs. 

I want to increase my personal income to help fund a second rental, but my career limits me mainly to remote jobs and gigs.I’m curious if there are any other investors out there that started with a similar skill set to mine, and what other skills they developed to help increase their W2 income and to help build their real estate knowledge and experience? 

If the total loan amount isn't enough then begin building your 9-5 working career.

No right or wrong answer, but there is probably more risk buying a property and THEN trying to find/build a reliable team on the ground.Trying to find contrators, inspectors, agents, etc. you can really TRUST is difficult w/o a property though.Makes the most logical sense to find a GREAT PMC who can connect you with others as needed.

I'm thankful that my parents were able to live the American dream before my father passed away, and that my mother has a secure financial future during her remaining years.Its difficult to get ahead even if you can speak English and are educated but how much more so if you are a poor immigrant.

These were difficult people. 

It’s really not that difficult a concept.  

The point is things an times change, the market chnages and your investing career changes. 

Here are some considerations to help you evaluate whether forming an LLC is the right move for you:Advantages of Creating an LLC:Limited Liability ProtectionAsset ProtectionPotential Tax BenefitsConsidering and Difficulties:Finances: As you pointed out, it may be more difficult to obtain a mortgage for a property held by an LLC.

That is often the most difficult first step for investors, is to simply get started.