I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.

Passive income is certainly the name of the game - building a real estate portfolio and creating generational wealth are key ingredients to long term holistic financial health and success.There are fantastic real estate investment opportunities in various markets, particularly in the Midwest and Southeast of the country. 

Just remember you are spending time and money to improve a space that isn't yours and you're not able to take the improvements when you leave, ownership should have some skin in the game especially in a new build.   

Like Eric said, investing is the long game.

How do we get back in the game while minimizing our risks on one income and with two kids?

Love your mindset—real estate is a long game, and you're starting with the right attitude!

Researching on Google, watching YouTube videos, and reading articles I found on the internet regarding the topic I was interested in.

There are tons of articles and Youtube videos to help you with setup and monthly management. 

What is the best way to handle it so that both LLC members have a skin in the game?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.