(Don't think you can go too wrong in that area if the numbers make sense).  

Am I wrong to be afraid???

His getting the day of our meeting wrong and leaving me a rude voicemail asking why I wasn’t at my property like we agreed upon and “missing” my replies back to his texts are just to name a couple.

There is really no wrong answer.

You'll usually need some sort of guarantor that will not declare bankruptcy the minute something goes wrong; too easy to do that in an LLC.Once you have a track record, private money folks will lend to you, and on larger properties (large MF) commercial real estate banking looks almost exclusively at the property.Spend some time researching the financing options.  

Dont get me wrong, as a LL I’ll take a extra hundred bucks a month in my pocket.

Probably the wrong category to post under but wanted to throw out a question.

It's a lot harder to manage out-of-state and a lot more can go wrong.

I’m pretty certain I don’t agree with him because i hear if loads of peoole on the BP poscast who have done well with small multifamily, but his experience and expertise makes me question myself, is he just plain wrong or is he on to something?

I worked with the wrong appraiser this time. when your HML and private investors loans have  12% interest only payments, I bet you'll rethink about that 12 month seasoning period hahamost lenders do 70-75. not all. you can find higher LTVs if you trytrust me, I've had about a million people tell me to 3rd party my management however in my situation a lot of money would be thrown away doing that.