@Tyler Martin, personally I would only consider it once you've accumulated a decent amount of assets and therefore exposure.  

Do anything you can to shorten your exposure. 

Real estate became an interest of mine during college when I was working for a student apartment complex and got some exposure to property management.

They can call any agency, list their property, and get wide exposure.

Also, industrial paint still has high lead, see if he goes to playgrounds that may be the exposure source. 

Rowe Price Real Estate Fund and the Fidelity Real Estate Investment Portfolio.Real Estate Exchange-Traded Funds (ETFs): Similar to real estate mutual funds, these funds track an index of real estate-related securities, providing diversified exposure to the real estate sector.

In actuality, if you  did not live in the flip and flipped it in 3-5 months instead, your ROI would be much higher so the fact that you have a few savings from the live in is all lost in opportunity costs anyways, and then some.If one was to argue that you do this live in flip for 2 years to utilize the homeowner tax exemption up to $500k for married couples, I would counter that argument with the fact that paying the added taxes on the first flip, but getting to reuse that same money 2 or 3 times in the first year and 3 or 4 times more in the second year, all those added flip profits would more than pay for that extra tax exposure.

We had a few people interested at the $1.9m mark but figured with the little exposure we got we weren't going to need to go below our asking off market.

When the exposure to the downside is greater than the upside.

@Jeff MillsYou may want to connect with the attorney who set up the LLC.LLC's are normally created to limit liability.The actions you are doing may risk you losing the ability to limit your liability exposure.