This will be pure cash flow of 12% return per year.

@Abby Flynn if you are buying a pure rental, yes LLC is worth it.

Don't buy it purely for any one reason.

Some will be based purely on contributions of cash.

This is a home that my family wants to live in, so we are okay with the repairs being more expensive then what would make sense for a property that is purely an investment property.

REmember, the licensure course doesn't tell you anyhting about being an agent, how to get leads (thats pure sales), how to conduct a transaction, how to save the deal, etc. 

It's therefore a pure capital gain and therefore speculative market.2.

Just curious....Yeah, if it's a tricky house with curving stairs, coffers, elevator and stuff, you're better off with pure framers.

Purely buy and hold.In these uncertain times, why wouldn't you consider a preferred position with the syndicator?  

The refinance itself, will be treated as a loan purely to be paid back by the LLC over time.It is best to speak to a CPA or Lawyer pertaining to this first and foremost to properly discuss the private details that should not be shared online.