I’m here to help build my team. include my realtor tax professionals And everything I’ll need to buy my first multifamily unit and then add additional ones thereafter Hi Aaron, that is a wise decision!

It's worth a listen just to have the perspective of the other ways to factor into the decision making process.Hope that helps.Mike

I would also say this would be a big sign of a GOOD TP/PM team, ones who would tell you this, that you are the executive decision maker not them.

Remember to "trust but verify" every decision you make. 

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

I think Lending Club or similar is becoming the most practical decision for us at this point...

That, in and of itself, is a great idea to live in one side and MTR the other, but you are making your first property more difficult to manage (but easier if you are on site).You don't have to live there, but why wouldn't you want to investigate the market more clearly before making a decision on it.

In my operating agreement for LLC B, I specifically state the managers/members of LLC A have full authority to make decisions, execute contracts, etc, but there is no explicit personal info listed for LLC B.  

I see that quiet title actions can run $1K - $5K depending on the situation, so it would be wise to factor this into the decision-making process. 

You've clarified my doubts, and now I can make a fully informed decision.