Based on your experience or expertise, will an Alabama State LLC or a Wyoming LLC work better from a legal protection perspective?

I respectively disagree with the bearded one on that statement. great wealth in RE for the investor is made with appreciation is my perspective..

This is not a recommendation but a personal perspective. 

We both also have finance degrees and are savvy with finances and from an income perspective we are inline with each otherSimilar to what JD stated - We have a living trust where everything eventually goes to the kids and if something were to ever happen we would sit down like adults and resolve it without being vindictive. 

From a 10x perspective that puts your price around 850k sale price.

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

but i understand the appeal from your perspective. 

I appreciate your honest assessment and perspective.

@Jay Hinrichs I really appreciate all the longterm perspective shared, learning a lot from you. 

For perspective, outside of SF you can easily get a place to rent for 2500 or so, figure another 1500 for day care.