But, if the cost is fairly nominal, maybe under a couple grand, and you have no experience in real estate, including owning your own home and hiring contractors for that, then it is likely worth it.I would always start with a deep assessment of where you feel you don't have adequate knowledge.  

The neighbor (also a lawyer if that makes a difference) likes to let them run loose in his (and my) front yard.

On cold days like this, we sure miss Benny's though! 

That's what I have been reading and seems like a consensus great pick from other resources.

Looks like I have my 203k team formed since this post, besides contractors.

Like Both Account Closed said, you can contribute property into and out of an LLC - as long as it is not taxed as an s-corp without it creating a taxable event.So, in your case you're almost all the way to no problem. 

Let me know if you'd like an introduction to the local rep here.

It sounds like you maybe don't need all this complex structure 

I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.My main questions I’m looking for thoughts on are…- What percentage would you keep in reserves?

The metro areas median price is like $680k or so.