I would recommend making a list of all the aspects important to the acquisition of the property and the management of the property. 

It is very detailed and covers every aspect of the process.

@Omar JohnsonIn addition to the financial aspect think about the risk and personal peace of mind factors also.

There are many different aspects that touch on real estate.

In some aspect your quadruple dipping with this structure.

I would also love to hearing more details on the terms of the owner financing aspect of the deal.

I'm involved in many aspects of real estate. 

The control aspect featured in this original article is absolutely true.

However, most put off the most important aspect of Asset Protection / Wealth Preservation.

All states have the same inside protection, however the outside protection varies greatly.If some of properties are in states that do not offer good outside protection (ie charging order not being the sole remedy), you will then create a holding LLC in a state that has this great outside protection; This LLC will then own all the sub LLCs.Another aspect also is that some states offer anonymity adding another layer of protection.