It's a goal that never ends, unlike having a set $ # goal.It treats increasing assets & decreasing debts more equally & it's not overly aggressive which could encourage over leveraging & return chasing.I know hitting this goal at a minimum, when dealing with large numbers, over 20-30-40 years will get me well past a defined/limited FI number needed for "standard" retirement. 

You've made a great start, and now I would encourage you to clearly define your investment goals:What monthly cash flow are you aiming to create?

"owning the property free of debt" is opposite of investing, so if your goal is to invest, makes  lots of money, grow your portfolio, and be able to live with financial freedom, I encourage you that you leave as little equity in all of your investment property as possible.  

@Bruno A.Thanks for the encouragement I’m definitely going to continue to pursue multi family homes.

I've recently connected with some encouraging and supportive REIA members in Richmond.

Here is an article I would encourage you to read on Joint Ventures.Option 1: Traditional LLCFor this situation I would recommend setting up a regular LLC for this property.

My current partners and I are working very well together and it has encouraged me to work harder for them and their families in addition to my own. 

Thanks all for the kind words of encouragement, @John Fedro The way that I structured this deal is as follows: Tenant buyer put $2000 move-in fee and $725/month for 96 months.

That program is encouraging her to make as little as she can lol.

I am learning everyday on my commutes to work from the podcast, and since they strongly encourage to introduce yourself on the forums, here I am 😁.