You have property management to take care of everything for you, and you're paying them to do just that, so no need to involve or expose yourself and start getting knocks on your door at 2AM about a loose toilet handle LOL.Best of luck, sir!

If you have 5 properties in an LLC and there is a lawsuit that exceeds your insurance (or is excluded entirely) then all of your assets are exposed to the settlement/judgment.

The networking will expose you to private capital as well.

I also hired someone to convert my stove from gas to propane because I just didn't feel comfortable doing it.

Only because that raises your Cash On Cash to 9.19% (all else remaining the same) and you still get good cash flow (my minimum cash flow of $200/mo. per sfh and I prefer at least 12% ROI from my prop. anals.).

When a user purchases cryptocurrency at a given price and then later trades it away — whether by buying a coffee or by selling it on an exchange — the sale is subject to capital gains tax because it is considered property.Failing to report the transaction to the IRS could expose the user to criminal and financial penalties."

I would replace your "Median home price growth" with "Rent price growth year over year," since I buy larger multifamilies.I also look for diversity of industries so we're not exposed to the fluctuations of one industry too significantly.

But if that LLC is sued you will be facing smaller risk that having the LLC that holds your entire property exposed.

Are there any ways to buy into an existing LLC that would provide me as a new LLC partner depreciation to shelter my gains for years to come (effectively resetting depreciation for me) but wouldn’t require my partner to sell the property to a new LLC we setup together, exposing him to significant taxes on his gains?

IMO - don't throw away this huge financing advantage and expose yourself to what could be a tremendous amount of risk.