Personally, I perceive a fair amount of risk in the market.  

A few things to keep in mind: the entire operation must be outsourced, and neither you nor your immediate family members can't be involved as you are considered "disqualified persons."

I also know that in many cases the llc will protect my personal assets and I fully believe this is either analysis paralysis or just fear of failure.Thoughts on how to get past this and where you recommend starting?

I haven't personally gone myself, but plan to soon.

Regardless, it speaks to him being a high maintenance person I don't want to rent to.

As well as guest room in the main house.These properties are all personally owned and obviously highly leveraged.

I'm personal friends with the owner and they do a great job. https://www.livindy.co/ 

. $80k will net you $1200/mo.That said I am of the opinion that rent rates (up significantly since Covid) are plateauing, I don't expect to see them climb significantly higher.Regardless, factor my position of being a cash-in-hand personality who doesn't much care if the hype is telling us to buy-buy-buy or run for the hills.

I was wondering if I should set up another personal bank account for all activities.

I am looking to borrow 50k from equity in a 4 unit investment property to use as a downpayment on a personal residence.