As you increase your assets several people use a "management LLC" for activities that are semi-personal but investment related (e.g. using a personal car to drive to the investment property for showings) and then have the property itself in a separate LLC where the activities are very strictly related to the rental (e.g. rent deposits, repair bills, taxes, etc).  

2 years ago a purchased a 1957 home on 6 acres in a semi-rural but growing small town in northern Colorado.

Comps for similar properties in the area that are nicer and look at least semi rehabbed sold for high $60's to low $80's .

I personally am in a situation where I am cash heavy, and wishing for early semi retirement, so I am buying in cash as much as I can afford, and living off the income.

When having a semi public life, we are all subject to scammers and spammer, specially with platforms like Linkedin and BiggerPockets, which make our email addresses public whether we like it or not  : ) ~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.Josie RomanBRE License # 01306222

Hi Julie,I'm a semi-turnkey investor for couple of markets (DFW and Memphis).  

So we created a management company systemized it created amazing policy and outsourced the day to day operations so that we could get the cashflow and have it be semi passive and not be constantly on call.

But if you have substantial (or semi-substantial...) assets outside of the LLC then any smart lawyer will start looking for ways to discredit the LLC (or "pierce the corporate veil", I think they say).

I am 61 and semi retired.

I am new to Real Estate but have some cash available if you would be interested in me becoming a small semi-silent partner on a deal.