It's ok for their NAV/price to go up or down because all risks and future implication has been documented properly.

You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing.

The good news - there are plenty of family-friendly neighborhoods between St Paul and S Mpls which offer decent opportunities for a househacker - you just need to know where to look, what to avoid, and where the opportunities are (undervalued properties, under rented units, value-add opportunities).

I don't have any pending legal issues at the moment, but I've been thinking I should find a lawyer that I can go to for questions, to review documents, leases, etc so that I can have confidence that I'm not making any silly mistakes that will get me into trouble later on.

I don't want to be the bearer of bad news but I truly believe starting with a single as a rental is a major mistake.

Quote from @Samia Othman: Connie -If you would like I would be happy to provide that attorney any documentation I have as well.

Future documents will only name the LLC. 

Like Tarik and Christine.. or than merril or any of the others. its a natural progression and the HUGE money is made selling the information. to be fair and balanced like Fox news.. there are always a % of folks that come through these trainings that do quite well and the money they spent forced them to take action.. its just the other 90% who spend the money and well never really do anything..

https://www.biggerpockets.com/blog/what-documents-do-you-need-for-a-dscr-loan?

One document 13, showed a lot of "Donation" to one particular entity, more like money laundering.Too bad, the pdf documents are hard to search.