Second, you would effectively have no skin in the game.

While I am a skilled carpenter/contractor, I have yet to step into the real estate investment game.

I bought my first property (4-plex) 3 years ago in California and my plan has been to play the long game and try to cash-out refinance every 2 or so years to put towards another like property.

For some reason they never make it into the game though.Just my two centsAlex

20 years ago.Real Estate is a get rich slowly game so you have to get started and be patient.Real Estate makes money in 3 ways, cash flow, appreciation and mortgage paydown. 

I wouldn't worry about an LLC this early in the game.

It's just a numbers game for me.

My long term strategies are to master the game of buy and holds, who doesn't love passive income!?

I thought that was fair - he is also going to look into getting a line of credit to throw a little cash into the deal or keep it as a reserve so he has some skin in the game.  

I have heard most of them through audible or purchasing the audio books several times. and the more i listened while playing video games the more i thought i could do this.