It gives me another exit strategy by having the option to sell off individual properties to retail buyers if needed.

I dont know of anywhere that you can cashout $270k against equity in an RE portfolio without closing/origination costs other than through a private banking relationship as a HNW individual.

These were plats of subdivisions that were platted and recorded in the early 1900's but never developed and generally owned by one individual or company.

The purpose of “asset protection” trusts is to place assets beyond the reach of creditors who have claims against the individual who has “settled” that trust.  

Welcome to BP - I'm sure you'll learn a lot here and connect with other individuals who have the same interests!

How often is an individual successfully sued for an amount that exceeds their insurance coverage?

I would also caution if you are intending on a vacation rental be very cautious of the individual town restrictions.

In my market most LTR PMs are charging more than $200/month to manage individual units.But let's ignore the work involved in building and managing the unit

It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.