I'm looking at the asset and RE as a store of wealth (as part of my overall investment portfolio) to pass onto my kids.

Each series llc can have its own members, assets, liabilities, contractual agreements, etc.

Hi Jared, I`m a college senior and I am looking to get into this space is this a viable option for when it comes to creating financial freedom?

I have re-sparked my desire to become financially independent through real estate.  

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in

Benefits of an LLC: Forming an LLC can help separate your personal assets from your rental properties, providing an extra layer of liability protection.

I will not, under any circumstances, send a copy of the borrower's financials documents to a seller/agent. 

Long story short, I have been selling assets and plan to move back into the lending side of the business... 

Biggerpockets was instrumental in my journey towards financial freedom.

The only way that I've found for it to make sense financially given such low down payments, has been to turn them into short term rentals.