Hi Alex, my advice for you would be to prepare a solid investor packet for them, regardless of relations: friends/family or Hard Money lenders, show them how you will put their money to work for them, the investment strategy and how it works, allay their fears by addressing risk, how you are protecting them and what your risk mitigation strategy is, Breakdown the deal for them and Address the benefits of why it is they should invest in you and your system versus keep their money elsewhere.

As I understand an LLC provides a convenient asset protection and security.I currently own a multi-family in my name.I am wondering if it makes sense to transfer the property to an LLC.Thanks

Some landlords put each of their properties in different LLCs to isolate them and provide maximum protection.

Have the tenant initial and sign, hand them a packet on how to protect themselves from lead paint, and you're done.Hundreds of rentals and I've never, ever seen a Landlord with knowledge of lead paint.EPA Guide For Buyers, Renters, Landlords

There are even laws that involve deadly force when protecting your property.

Instead, continue to educate yourself on how to buy and manage rental properties (since that's your end goal), start analyzing deals now, and ensure that you're in a position to jump on a deal if it presents itself (save for a downpayment & protect your credit score). 

Profession is not a protected class but to some extent it would be a shaky thing to be the only thing you base your decision on.

The Managing LLC is just an added layer of protection, from my understanding, for legal purposes for when something happens.

Most folks use an LLC for liability protection by having the LLC own the property and perform the management. 

Also you'll get a new landlord policy from your insurance which will be cheaper than homeowners and come with liability protection up to a certain amount as well.