For someone who I assume works with the public, I have mostly been "upset" with how you've talked to me in this forum.  

Maybe you should share and give back some advice. http://www.valuehoundacademy.com/public/How_This_N...

LLCs are expensive and paperwork and publicly known.

I should probably give some highly corporatized reply or something, but honestly seeing Alan and Kirt's names drawn into a public forum is hurtful to me.

The reason you should do this is because any business has an operating agreement and articles of the owner that are all public information.

The small time investor or public probably won't see half of these apartments hit the market, sales will be completed behind closed doors. 

So, if you can generate income/growth in the 401k at the 8% rate, you won't be drawing down on the account.Of course, looking historically, just plain equity investing in the public markets for the past ~20years has blown away 8% and your account would be more than $1mil. 

Everyone has different perceptions for B Class and this is mine based off our market in Toledo.1) Mix of investor owned and home owners (Last few years leaning more toward home owners buying)2) Infrastructure supporting tenant and home owner demand (Car manufacturers, ProMedica hospital, Washington Local School District, Toledo University, etc...)3) Homes well kept, yards mowed, none or very few bordered up homes, cars with wheels, pride of ownership, lower crime, no riff raff roaming the streets lol4) All tenants employed and submit rent payments online.

I am not comfortable sharing more details in a public post.

The Small Book (The Law) was harder, but since Real Estate Commissions' sole purpose is to protect the public from unsavory brokerage practices, that's what you need to study the most.