One thing he didn’t anticipate was the complexity of the reporting requiremnets, especially if he wanted investors outside his immediate circle.

You can also own REITs, which are shares of real estate (ex: apartment complexes, self storage, etc).

The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.  

PS: I know billionaires with less complex structures.

To keep it short and sweet, depending on your deal you should have plenty of options. 

Maybe it’s true or maybe Gronk doesn’t want Tad to find his sweet cave. 9.

  $900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not. 

Congrats on closing soon and what sounds like a sweet deal.

Your question about LLCs is something many investors wrestle with, and the answer really depends on your long-term goals and how much risk you're comfortable taking on.For smaller portfolios like yours, setting up separate LLCs for each property can provide additional liability protection, but it also comes with added complexity and costs.

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.