Currently I own a hand full of single family homes and some multiplexes up to 4 units. 1031 exchanging out of them to get into something much bigger.

In response to your question about a purchase with an initial cap of ~5% equating to a great long term investment - equity growth potential is certainly part of it, but I’d argue that the propensity for consistently increasing rental rates and the stability of the overall rental market are an even bigger piece of that puzzle.I can’t really give you a definitive opinion on your specific situation without knowing more about the current make-up of your portfolio or your goals for passive income.With that said,  there are absolutely  methods to reposition equity in high growth potential properties to more income-centric opportunities within our market. 

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Thanks Ahead of Time  Bigger Pockets Community!!!

Thanks Ahead of Time Bigger Pockets Community!!!

Personally, I was advised by my attorney that LLC's create a lot of unnecessary paperwork and to get a good umbrella insurance policy instead. 

Hey @Brad Rush Welcome to the Bigger Pockets tribe !

Hey @Aaron VasquezWelcome to the Bigger Pockets universe!

Feel free to ask any questions in the bigger pockets community!