I listened to an interesting audio book in the Rich Dad series authored by a CPA.

Another way to contain risk (if available in your state) is a series LLC.

Hi, does anyone know any attorney or provider that can assist with 1) transferring a Texas rental property from my relative to me (so that I can refinance), and then assist with a LLC (series?)

You will find a ton of useful information to help you with your foray into real estate investing.See here for the Guides:  BP GuidesSee here for the FREE video series:  The Financial Independence BlueprintSee here for the blog:  The BiggerPockets BlogSearch MeetUp.com for local meetups.And check out the New Orleans Real Estate Investors Association (NOREIA)Best of luck to you!

Hello All,Here is a follow-up to my "Beginner Series" questions.

I am expecting to add around $100,000 of value, but i suspect i can get more (contractor is a friend with super cheap rates,  RE market is really good, 3-5 yrs of political stabilization after a series of coups in the 90s and 00s and prime location).  

If you practice sound asset protection such as solid insurance coverage plus series LLCs or using trusts in conjunction with LLCs you're OK on the liability front.

You'll need to separate your assets (either by using a Series-LLC or individual LLC with assessed distribution of assets by LLC) and you'll need to separate your passive (asset holding entities) from active operations (the property management side).After you took care of all this you can look into other more complicated/expensive strategies like you describe (equity stripping).Here is a diagram to help you on this quest - talk with @Scott Smith for professional advice on this:

So perhaps a series of article around lease programs or whatever type of service you're offering.

Hey Nic,Did you setup a traditional LLC or a series LLC in order to separate each property?