That’s what I invest in my IRA.From my experience, they behave in much the same way we expect rentals to perform on spreadsheets.

Never assume these types of lenders will behave like institutional lenders just because they use the same phrases.

I figure the upside to the rental scenario is, of course, investing in multiple properties, while a downside would be having to most likely get a conventional loan on the second house with 20+% down and proof of sufficient enough financial reserves to handle two mortgages. 

The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.  

I hope your middle finger behaved as you left the building for the very last time ;-)On a serious note, with the experience you gained on your journey, can you tell us your Top 3 do's and don't as one tries to accumulate RE.  

People are adults and should behave like one.

You should be having a second consultation with them to determine those numbers.

We never imagined we’d be having to much fun growing together in a mastermind format and helping other succeed.

The best strategy depends on your goals, risk tolerance, and how hands-on you want to be. Have

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you