This would raise our mortgage by ~ $700/month, which is a lot, but still makes our total mortgage payment well below rental on a 4bd, 2 bath.So, my question for the great minds of BP is, is this a good idea?

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name? 

. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).

Spend more than half of your total working hours in an RE business in which you materially participate.2.

Total steps are 3 and platform is 4x4.10.

I’m going to get suedI’m too lazyI always give up on my business ideasEverything I’ve done in the past has failedIt pains me to even write those things now because I’ve learned that they are all so totally untrue.

Totally agree, HML was my first go to but if I can avoid it i certainly will.

There is the options of totally change up what/where your trying to do things. 

I totally understand and acknowledge the idea of investing where you currently live. 

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss.