That complicates enough I'd consult with an entity/asset protection pro.I don't hold residential assets in LLCs unless partners got involved. 

Simplicity: TDAs require minimal effort after initial setup, making them attractive for those seeking stress-free investment.For investors like myself, seeking both stability and growth, combining a TDA with real estate investments creates a diversified portfolio.

I personally benefited from this when I first started and now provide my signature to partnerships I am not as actively involved with.

If your mom is wanting to keep the note in place once the property is stabilized for personal income, I would probably cashout refi your other rental that has equity and use that cash for the rehab of the new property.

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.

HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

A&M Courtyard Apartments are a fully stabilized 33 unit apartment complex that is comprised of a mix of 1 and 2 bedrooms.

The value added should be significantly greater than the cost of the effort to compensate for the effort involved and the risk. 

Much less paperwork involved with a DSCR compared to a traditional mortgage if you're familiar with that process!

Quote from @Jacqueline Wright: Starting in private lending can be an exciting way to get involved in real estate while leveraging your capital.