A smart investor will usually try to create multiple streams of income.

I want to transfer my 1031 exchange property (individual own) to a multi-partner LLC.

I am Foreclosure Subject Matter Expert with a major bank and an individual who buys single family residences (in Virginia ) for personal use.

Hello, I am looking to create a Series LLC to hold my rental portfolio.

I totally agree with you, is that it's all in your mind.All you need to do is link up with seasoned individuals that already own bigger deals, bring value to the table and ride their coat tails to put your mind at ease.  

As a matter of fact as quoted" to me just recently by a PL that I used in 1991 but, is shutting down ..because I can't see people being abused like that and QUOTE:  With the NEW Banking Regulations Obamaboy has created a new PL Enterprise similar to payday loans" and making a lot of PL's rich ... and practically overnight but I'm not interested in  Obama scamming my former clients..JohnR

If the first property is not a partnership and is just you, you can setup an LLC that is a disregarded entity such that it operates as an individual with just a SS# for tax identification purposes and then the LLC provides the asset protection and your new partner could do the same and the two disregarded LLC's could be the TIC owners and you have some level of asset protection. 

I am a disciplined and passionate individual who would love the opportunity to learn more about the real estate industry.I grew up watching my dad lose his butt in the 08 crash.

It also depends on the type of rental you want to have: owners are more likely create problems for you, if you don't keep up your house or have bad tenants.

@Bill WilliamsNew Mexico is one of about 9 states that has a Community Property right between married couples, which includes ( as I understand it), as stated previously, the home acquired prior to marriage belongs to the individual, not both of you; hence she would have the freedom to sell or mortgage that home anytime, without your consent involved.Any income earned from such a separate property belongs to the individual, but if you choose to share bank accounts and 'commingle' funds, and the house is sold, those proceeds placed into a joint account become community i.e. both of your funds.Community property is acquired by either spouse during marriage, and selling or  encumbrance requires both of your signatures.