Ironically its the investors in the layered LLC's who believe they are hidden in the cloaks of secrecy and better protected who end up in  the most costly and drawn out litigation while giving the plaintiff attorneys reason to take a more thorough look under the hood.Keep your LLC ownership simple, carry appropriate insurance, make sure ever vendor you work with carries appropriate insurance and those who perform work functions most likely to lead to liability exposure list you ad additional insured (not merely certificate holder) and it should go without saying, avoid negligent conduct.

You would be better served to look elsewhere for information.

I personally don't do too much section 8 because of the inspections being kind of annoying, though I have heard that they have gotten better.

The age of a home is sometimes a misnomer as older homes were built much better in many ways, not all.If you want to flip, you need to focus on older homes because that's where the bigger scale will be most likely and the more outdated cosmetically, the less likely first-time homebuyers will think they can do the work.

For every Rob Beardsley there's 1000s of flops, and for all I know he may be one.You have people on this board bigger and better than Rob Beardsley.

Everything that I have been reading is saying STRs are much better cash flow opportunities than LTRs. 

Let us know where it is at and maybe we can give a better answer.

Occupancies were running 90% or better on the year. 

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

In addition, real estate is already tax advantaged, so you’re losing the tax advantages of owning real estate.Personally, I think real estate notes are better suited for self directed IRAs personally because you can get decent returns and notes not held in IRA is not tax advantaged.