You've demonstrated success on your current duplex, so friends/family may be excitted to join in on the next.Congrats on the success so far,-Steve

At that time, my friend encouraged me to get into real estate with the idea of creating passive income and wealth in future (via appreciation).

You should look for an "investor-friendly" PM company that knows how it is just dipping your toe into the water of buying a home/condo/townhome.. 

Here is what we have found and I will probably catch some heat for some of the things I have to say, because it does not sound "investor-friendly".

And that my friend, is a thing of beauty.

I've had friends buy new homes and have more problems due to poor construction than I've had in 'older' homes.

I believe you know my good friend Keiton Stender at the Mills Group.

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

The best way to navigate through all of these hurdles is to find an agent-friendly investor that is finding off-market deals solely for their clients

Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.