Sounds like you are having some growing pains and you are in the right place to get the best advice for those!

My goal is to get a deal where most of my mortgage is paid by tenants and I am able to pay off the DPA back within a year so I can move and get another house hack (sounds simple but I know it will not be like that).

Hi Mason, I completely agree! 

It's really one of those quintessential properties that needs a lot of work, but has a lot of potential to be worth a lot more once it's completed. 

That's a lot to ask of a complete stranger!

There may be some reasons why it's not and only a CPA, EA or Tax Attorney that understands your full picture will be able to offer good advice on that.The Mgmt company will be it's own complete and separate entity with no ownership over any of the other LLCs.You may choose to have an umbrella LLC over the LLCs that own the property, but that's not really necessary.Set up your bookkeeping for the mgmt company. 

I'm sure you only intend on helping people so, this shouldn't apply to you.Home Matters USA | The Department of Financial Protection and Innovation (ca.gov) It sounds like getting pre-foreclosure deals is wrong, and it's not.Most of the time, the homeowner would appreciate u helping them to get out of the mess using this way or another when the other option is a certain foreclosure..

That's sounds great, I would like to know more about all of it.

Hey Eric, That sounds better than the portfolio loan I was quoted but does it give me the flexibility in the future to sell one of the properties? 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.