I have heard that it's a good idea to form an LLC as an added layer of liability protection.

Some folks will give you the simple reply that if you can't fill it, your rent is either too high or something else is wrong with your ad.

There is also an ad on small "house" which is also being rented.

You are only adding complications and costs with the LLC with no upside  This is all assuming there’s been almost zero appreciation and you shouldn’t sell tax free while you have the chance. 

Private notes require more work than Stocks / Bonds, is the added return worth the extra work?

This deal aligns with my strategy of adding value and achieving robust returns.

That helps you eliminate properties but not decide what to buy.   

This eliminates the problem of increasing your debt and damaging your credit score.

There is also an ad on small "house" which is also being rented.

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year.