To achieve this, rural areas need innovative infrastructure and values that supports people as they age.

Quote from @John Postma: Back in 2019, I figured a goal of saving for a year for each downpayment was an achievable goal. 

This will be the key to achieving your goals.

CA's Secretary of State forms list the name and address of either a manager or member, so unless you're hiring a third party to serve as manager of your LLC, anonymity is very hard to achieve once filing publicly in CA.As to the probate part, you're right that going through a court probate is a huge hassle, including being expensive and time consuming. 

The buyer does the work themselves or a crew and then achieves close to a 1.5 to 2% rent to sale ratio plus equity upside.Hold each one for a few years and compare the cash flow metrics and equity growth to see where you are at.The nicer area likely over the years will have stronger rent growth.

Stay adaptable and be prepared to adjust your strategy as needed.By leveraging these strategies and resources, you can effectively scale your real estate portfolio using the BRRRR method and achieve your investment goals.

First, it is necessary to achieve favorable financing terms and  secondly, I do believe cash flow should carry most rental properties with limited exceptions.

How do you navigate that challenge in a market like Utah, where achieving that kind of rent-to-mortgage coverage is becoming nearly impossible?

Achieving “work optional” status and creating a life with more freedom and flexibility.I’m excited to learn, share, and grow with all of you here at BiggerPockets.

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.