All these years later I still don't bother with an LLC. 

The new property tax law should help significantly.

I don't like mixing the two - it can get messy if he stops mowing due to mechanical or health issues, etc.

I was at a CCIM luncheon recently and some of my lender buddies and I were discussing that many of their banks are getting out of multi-family because of rising costs to manage the properties...including taxes and insurance.

You can get far bette financing for own occupied properties.  

I am looking to build a house in lake county. pls let me know if there are builders whom I can reach out to?

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.

It often might take asking why 5 times to get to the root why.Also, I notice that often that why shifts...for me in the beginning, money was important because I thought it gave me power, and growing up I was pretty insecure due to a lot of high schooling bullying...come to find out the power does NOT COME FROM MONEY, but rather from within after identity who you want to become and don't let your past define you. 

He is working on getting this number for me, but they only expect it to be around 60-70k, which I most likely will get a private lender to come up with that money.

Still, I think your numbers are quite optimistic.