In the long run, you can redirect some of those profits into rental properties so you can build real wealth.  I

@Mindy Jensen Here is a straw man answer to the the generic LLC question.  1) If you don't have either a lot of assets in banks, brokerages, or real estate OR a big W-2 income that could be garnished, stop here and don't bother with entities.  2) If you are in California, the minimum franchise tax of $800 per LLC per year makes LLCs an expensive approach to asset protection.  3) If you are buying single family homes and want to get mortgages it is way less expensive to buy and borrow in your own name.  4) If you are still reading this because you are wealthy, live outside of California, and use commercial lenders, then you definitely have a lawyer you can talk to, so why are you asking this on the forum?

I have a VERY wealthy professional boxer in my family.

Who in your spear of influence can you go out to dinner with this week that is wealthy, who is in your phone that you feel comfortable to call later than 7 pm that has all the things you aspire to gain. 

Stick enough money into good solid rentals with good management and you'll become wealthy eventually.

If I was independently wealthy, I would not hesitate to purchase and possibly even clear land and start over.

Looking successful translates to wealthy landlord and rarely garners respect.

I made over 50k my first year and never looked back... some of the perks1. sold many properties that had private lakes and was invited to fish them when I wanted2. not much of a deer hunter but on land that had phesants and dove we could get invited for those hunts.3. bonding in more than just a transaction since hobbies and likes aligned4. met some VERY wealthy clients that to this day do deals with me.5.

They present deals to wealthy individuals who are too busy to do so themselves.

California and Vancouver Canada are inundated with wealthy Chinese fleeing (or hedging their bet) by establishing residence in the United States and Canada.