Let me preface this by noting that any of the individuals I would approach would be people I know quite well as I've established business relationships with them over many years at my current place of employment (since they know where I work, they can be assured I'm not going to run away with their money).

I am earning a decent W2 salary and generating some rental income from the 2 fully paid townhome properties. 

They are looking for opportunities to generate cashflow post-retirement, etc. 

Conventional loans, those that meet Fannie Mae/Freddie Mac rules, are only available for properties titled to an individual. 

@Edwin GiraldoYour plan makes sense.I'm assuming you're looking to buy and hold and not for a single family primary residence...You should also consider that buying with cash will then give you options later to refinance to pull 60-75% out once the property is stabilized and generating income.

I can only speak to what my company does specifically but if the state does not require you close in an entity you have the ability to close that way or as an individual.

Anything outside of this will be based on each individual block or two within the neighborhood.

I estimate the property would generate net operating income of $100k ($120k gross, $20k opex).Questions:1.

The timing to sell all the properties individually and find a replacement or several replacement properties could be cumbersome.

I wanted to generate enough passive income to be free once and for all.