I would like to start an LLC and just rent out the house I own through the LLC (percentage ownership would be decided by capital put in).

Just starting my journey because I want to be on a path to financial freedom and put in motion some generation wealth for my kids and their kids.Have a good 9-5, some money in the bank, but getting overwhelmed by the financing aspect and all of the different avenues where one can start.

Ask them to put in their trust and not will bequeathing you the mortgage.

Our house is worth about $350,000 and the duplex other than the equity we put in with the down payment does not have much Equity at all.

If you want to put in the grunt work to find these deals, then more power to you.

For example: traditonal method - if you put 20k down on a 100k house, fix it up (put in another $30k) and refinance for $150k, then are you limited to a certain amount of the $150k you can out?

The idea is that they put in the money for down payment, and I do all the work including getting the mortgage under my name.

Outside building looks great, that picture that I put in is the back of the building.I went at Saturday night to check on neighborhood, pub next door had loud music, train pass across the street of the building as well :)

It's too easy to get distracted.

It takes a lot of hard work and mistakes but income potential is only limited by your ability to learn new skills and put in the work.