There ARE people able to create enough hype, misdirection, and lies to successfully conduct a “Capital raise” without possessing the experience, education, knowledge and analytical ability necessary to have a fair shot at success.  

This isn't merely about replacing your current income—it's about creating an income stream that sustains your lifestyle indefinitely.

It creates over-leverage and the performance of one property is dependent on the other.

Luckily my customers were pretty loyal to me but you get the point. 

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

One lesson learned: Create a good relationship with contractor and shop around for the best pricing on materials.

Generosity, freedom, and love will create the most beautiful relationship."

You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

Ability to create/find opportunities (off market deals, finding that diamond in the rough, exploring avenues where the rest of the crowd may be a few steps behind, having network of professionals who trust you and want to deal with you -- i.e. probate attorneys, CPA's, REO listing agents, wholesalers, etc.).  4.) 

@Michael Anderson you have two options:1) Create an Assignment of Lease from you to LLC2) Have tenant sign new Lease with LLC.Really only an issue if eviction or some other court issue.