I have undergraduate degrees in Mechanical Engineering, Manufacturing Engineering, Technical Management and a Graduate Certificate in Program Management and a Masters in Organizational leadership.

@Harry WilliamsYou should have a sit down with an attorney and CPA to discuss the mechanics behind an LLC.LLC's in itself are pass-through vehicles and do not pay a tax.In regards to your question, each LLC should maintain its own bank account.

There are tax liens, and mechanic's liens.

just curious, worst case scenario what the expected cost might be the rehab the mechanicals?

They do not have to be a good mechanic or even know the truth about the car they are trying to sell you.

Below are a few comments on the mechanics of the model in general (not on anything specific to this deal).

“The mechanism by which the trust is created is simple.

Or if you know of a mechanic .Don't know the law's in Texas but here in California you can put a lien on it through the DMV and since it's on your property, the DMV will send out a notice to the owner.

Curious, Account Closed, do you also advocate that CPA's should not be allowed to file their own taxes, attorneys should not be able to represent friends or family, mechanics should not be allowed to change their own oil and licensed contractors should not be able to work on their own homes?

I am in my late 20s and a Mechanical Engineer by Degree and I work in project management/construction.I have been maintaining a high saving rate and nearing a Coast FI number to where I could start dialing back my work hours.Before I make any moves I would like to have some run time with a viable side hustle or part time job that I could leverage my degree and experience to still earn a decent hourly rate (or equivalent).Does anyone have any advice or any experience with effective side hustles or types part time jobs that I might be able to transition to?