And how do I accumulate rentals with positive cash flow?

When I first got into real estate investing I'd say about 4 years ago is when I joined bigger pockets and I would continuously read the success stories and wonder how these things were accumulating for these other investors and how they were able to scale.

It looks like you have been accumulating 8.75 properties per year.

The only issue is that it comes with an ancient lien from the city from 1992 that has been accumulating up to the tune of about 1M.

I had accumulated a variety of forms and ended up choosing some from JP Moses at REIology or something like that.

We only have one property this far and want to accumulate more so they will all be managed thru the LLC.  

For the average person who hasn't worked a lifetime and accumulated some assets, I'd follow Ramsey's advice.

While $300K is relatively low, once we've accumulated a few rentals, we'll get a commercial liability policy for the LLC -- with just one unit, the cost of the commercial liability policy doesn't make sense.The big point to consider is that we plan to refi much of our cash out of this property once it's rented out, and given that this is the only asset of the LLC, the LLC will essentially have no equity at that point...so our exposure will essentially be nothing.

What is the best way to transfer accumulated wealth to desired recipients (spouse, children, family and charities) to maximize the amount transferred, minimize the cost of that transfer (and planning) and perhaps minimizing taxes.Lots of people make no plans and Uncle Sam (and sometimes the state) end up being a major beneficiary of this wealth.

Thanks to technology today we canobserveit accumulates around these vital organs.