I also need to remove them from any association to the LLC.

This offer would head off the possibility of him not paying as you suspect he might be tempted to do.

As for the original question, I always know in my head my rough number.

Thanks for the heads up @Michael Noto.

Is that the direction you are headed with the investing? 

He lives out of town and is just sick of the headaches associated with it. 

I went home and decided to mention it to my girlfriend of 3 years who didn’t understand the first thing about properties, and the only thing she said at the end was “To be honest I don’t see how all these headaches and risk are worth $600/month” I then tried to explain the tax advantages and that even went further over her head.

@Jaysen Medhurst At least in my head, I was planning on maximizing the amount of mortgage loans I can get before moving on to corporate loans.

I our area I recommend Jeff Stoller From  Goodwich Stoller and Associates.

After getting a quote for the asbestos siding removal, as well as the siding replacement and repainting that is needed, I now realize I was in over my head and severely underestimated the cost to rehab a property with asbestos siding.