@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

The usual risk/reward curve applies to real estate the same as it does to other investments.

Want higher reward?

Understand risk/reward in how you move on that, and how comfortable you're keeping yourself.

Passive landlord is a long game enter anytime stay for decades and most will do just fine.Active engagement same thing enter anytime and your reward is how hard you work identifying the hot ticket at the time  access to capital etc etc..

Ensure major decisions are made jointly.This setup balances the partnership and fairly rewards both contributions.

Most renters will likely go into downtown one day to shop and have a bite--it's charming, but there isn't enough to do there that you absolutely have to be close. 

Fixer uppers - higher risk higher reward potentialTurnkey - lower risk lower reward potentialDepends on your skills and how heavy of a turn the property is. 

I would say that the section 8 experience has been overall the most rewarding on a deeper level.  

You both have to be on board or it doesn’t work, but if you work together and have a goal, then each step towards that goal feels more rewarding, even if it’s just saving $x more a month towards a future down payment.