But you can do that for stocks too. 

A very wealthy customer of mine was very good in the stock market .

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Are they abiding by the lease terms, maintaining the rental, paying rent on time, etc?

I am 17 years old, and currently invest a pretty good amount in stocks.

And it maintains value on the balance sheet until it depreciates to zero (after which it still has actual residual value).

In light of the one ethnicity element, i sincerely advise that wherever and whoever it is, without question, know the community you are serving and understand how to establish and maintain a level of mutual respect.

What would you say the cost would be to setup and maintain this type of structure?

In the ten-year period beginning with Q2 2014, the South Bay submarket has experienced the greatest introduction of new inventory, 8.3 million square feet, amounting to 27.8% of all new competitive stock added to the market.Asking and Effective RentDuring May, asking rents built upon April's 0.2% decrease, declining by an additional 0.2% to $12.82.

With someone without experience I would recommend buying a well maintained small multi family home 2-4 units in a solid A-B area.