If Y remains independent, any legal or financial issues it encounters won’t directly affect the parent LLC (X).

I also think moving out for college provides great life experience especially for independence.

In your example of being called into the office you were obviously working as an employee of an investor or PM however this example doesn't work well when compared to the function of an independent management "company".

looking to build a duplex  in houston independence heights

Maybe engage an independent financial advisor (not a stockbroker or insurance salesman DISGUISED as a financial advisor! 

While Obie and Steadily might not currently have options, exploring other brokers and independent agents is advisable.

There is a difference between profit and loss and cash.2.Each investment is reviewed independently from profit and losss, as you make more you can have greater down payment but the profit from it is always based on what you paid/have into it.

I want to start house hacking and living a life of financial independence by the summer of 2025.

This is because the Schedule E is obtained independently, and few people would inflate their rental income in that form (and pay more taxes than they should).  

They go quiet when you ask how much money they've earned, how many deals they've done, when they reached financial independence, etc.