s post         Learning how to run an LLC is much more important so you don't lose your protection by comingling assets, alter ego etc.Exactly, my concern about this is that you wont get the important information about how to run this structure properly.

$1,350/month could be good or bad, it all depends on how much the property is worth.Also you could cashout refinance the property, keep it rented but have the cash to move around and do what you like, the property just wont cashflow as much but you will keep the tax benefits and the asset.

Is there a time limitation that the court wont go after that asset?

The good news is that we live in LA and any property with more income producing units will sell, its just a matter what financing the buyer can get since it is limited now.Im building legalizing an ADU on my triplex right now so Ill be in this boat but I wont need to refi anytime soon so hoping these guidelines change a few years down the road. 

You somewhat give up your ability to inspect the home once you sell it so you wont' be able to monitor its condition. 

Wherever you go ask the local banks what is the minumum they are willing to finance and ask the local pms where they will and wont go for pm. 

Also to what @Jerry Padilla said, this is true you need LL experience or there wont be rental income counted for you.

No evictions (I wont be changing this at the recommendation of just about every landlord)3. 

Why not use the resources of a Realtor, which wont cost you anything and the meanwhile also look for off market properties yourself.

Ive been saving up my money and and was hoping to be able to find a multifamily this summer, but today I went and talked to a lender just to get some general information on loans (mind you the person I talked to wasn't a mortgage consultant so he couldn't tell me anything definitively), and after some discussion he told me that I probably wont be able to get a loan as I currently only make $20K a year.This is where my questions come in.