It's not worth spending $6,000 in closing costs, and paying 8% interest to net $100/month on a rental.  

@Brian Barch I completely agree, for someone who's scaling or who has a demanding primary job, it's not practical to be spending your time sending a bunch of Zelles or Venmos.

fha. 3.8% interest and Currently owe 450kMortgage $3,400.00Currently we are renting home out for $2,400 and taking a lossLiving in an apartment for $1700 making total living cost $2700 with the 1k for covering loss on home Household income 180k-200k Please help me figure out what makes the most sense in this situation.

I have been diligent about not commingle funds with my husband/household. 

I have the same thought process - I will continue to self-manage until it does make sense to spend our time doing it.

Plus there's no one spending their time like that without expecting something in return. 

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

I highly recommend figuring out your car situation prior to being an agent otherwise you'll spend all your time transporting between properties.

Not looking to spend too much money as this deal is amongst trusted family members and I just want to make the transaction legitimate.

People are being more cautious with spending as stimulus money is gone, cards have high balances, many folks are losing their jobs and inflation prices are very high.