Even a good manager needs to be overseen, met with in person, and I like to put eyes on my rentals fairly regularly, since it is my money on the line. 

Incredible value delivered over many years here at BiggerPockets, and that's JUST on these forums, not counting 500+ BP Money podcasts, more YouTube videos, comments across the Facebook groups, and a partridge in a pear tree. 

I need money to rehab should i do a heloc on my primary residence ?

Found out later that this was this GC's MO to undercut everyone's bid, then make back the money and then some with change orders after the project had started. 

Let’s also look at income, not just total wealth, since many folks, especially hourly workers, in the bottom 50 unfortunately, really can’t/don’t save much money or own income producing assets.

The other thing to note, and o don’t remember each counties rules off the top of my head but in some counties you lose the ability to rent the adu if you move out & it’s not owner occupied.

Treasury bills are paying 5% and if you stagger their maturity you could have the money ready to go if you find a better opportunity.

The other benefits, or lack of, have been covered by the previous posters.In all seriousness, I would not waste your time, money, and effort on an LLC just yet.

Aloha Julian, Just to add onto what everyone has said, 1-4 unit deals (residential) are typically underwritten differently from 5+ unit deals (commercial). 1-4 units are easier to close and you get more money for them because of how DSCR is calculated:- Residential (1-4 units) DSCR = Gross Rents/Mortgage Payment- Commercial (5+ units) DSCR = Net Operating Income/Mortgage PaymentIt's important to note that in both cases above, there are exceptions.

I'm looking at putting money into it and recommending friends to put money into it so any advice is appreciated.