This is a "foot in the door" asset type!   

They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.  

You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

Notice how they presume they are going to buy the asset at a substantial discount from the lender.  

If you are asking why real estate, it's not for you because you are asking people to convince you about an asset class you somehow have determined to be not good for you.

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.

But this way you have appreciating assets paying off your appreciating asset.

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

I spent $1,011.97 for Lee's Reverse REO class ($997.00) and his How to Achieve True Wealth (Digital Only - $14.97) Learn the Secrets of The Wealthy and how Lee Arnold built a multi-million dollar private money lending organization on March 2, 2023.