With negative cash flow you have to continuously pay out of pocket for repairs or upgrades.

Just remember: most negative reviews are written by problematic tenants.

I know of only a few people that own rentals as a secondary aspect of their primary business.

I know a lot of negative nancy comments from me. 

when you have negative cash flow, in other words, when your tenant can't pay the rent and you have to make up any difference in cost because of it, that's called "paying the rent for the tenant". 

Instead, there will be unintended  consequences that will negatively impact the very people they claim to be for. 

If you are interested in hearing some differing opinions on the multifamily market, check out the BiggerPockets podcast episode I just recorded with Matt Faircloth:  https://www.biggerpockets.com/blog/real-estate-876Despite my current negative feelings on the large Multifamily market, you’d likely be better off investing in a syndication today than 1-2 years ago—it was the shift in the environment (rent growth, interest rates, etc) that caused the ills in the industry that sparked much of the posts you’re reading.  

There is 167k left on an 11 year loan at 2.8%.The property technically has a negative cash flow of $200 a month.They have just retired and do not want to deal with the upkeep or a rental.

Can I create an LLC just for running the Biz/managing aspect, but not transfer my property into the LLC?

The one aspect, that I love because I manage so many properties across three markets, Tenant Turner takes all my rental calls, qualifies them, then they set the appt as long as they pass my questionsSaves me tons of time and money