His point is clear though, if you have the risk tolerance, you can be financially free long before you can be debt free if you employ intelligent leverage.

I would get all the responsibilities and strategy lined out ahead of time and then consider the money and value that each partner is bringing to the table.I'll let more intelligent and experienced people discuss the LLC issue.

They are an engineer at an automotive company, so I don’t doubt their intelligence, and they say they have done a lot of this stuff before.

Thank you for doing the hard work of research on the topic and sharing it with all of us.Clearly there is a lot of grey in this (and many other tax law areas), but I like how you explain the risks, rewards, and worst case scenarios so that we can make intelligent decisions.

Taking the $700k and intelligently leveraging to increase you ROI is the way I'd go with where rates are. 

Screen shot of work area - look for tidiness *I havent had success with this in particular but I know people who swear by hiring engineers as they can follow processes and have to be intelligent. 

Would it be intelligent of me to secure a title company of my own choosing?

@Bill S. makes some great points -- if it was just about the numbers then we'd all invest in artificial intelligence and analytics and have a bot decide what properties to buy.My thought: I don't think anyone has mentioned it, but you can increase CoC by investing in the property.

Cozy.co allows tenants to pay using a credit card and they are then charged a credit card fee which, of course, is steep.My only complaint with Cozy.co is that their user interface for tenants is designed such that my highly intelligent visiting scholar tenants make tons of mistakes when attempting to set up their first payments.

Remote locks, security, intelligent door bells, Alexa etc.