My 2 policies earn 4-6%, I have full control of my cash, uninterrupted growth even when I'm using my money, creditor protected here in Texas and in most states, Tax free growth and I have a massive death benefit and long term care attached to it. 

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

Best of luck and spend every minute learning.

Sounds like we are in the same boat with a handyman :) And to @Jonathan Klemm point, I have to weigh the mental capacity of handling issues remote versus spending time with family.

We are firmly in the performing note camp and spend only a handful of hours on each loan from beginning to end.

I currently have about $50k in cash and am looking to spend no more than $250k on my first property (less depending on the area, number of units, etc.), inclusive of any renovation costs. 

When this occurs, area incomes fall and cities reduce spending on police and schools.

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

This establishes the legitimacy of the arrangement and protects against audit risks.

Also, take time to understand Arizona landlord-tenant laws to stay compliant and protect your investment.