The ultimate goal is to achieve $7,000 in semi-passive income in the next 5-10 years.

Overall, it depends on what you are focusing on as to the returns you can achieve.

It sounds to me like you will need more than one entity to act in concert to achieve your goals. :)

Stick around and you'll achieve your goals eventually.I live here in CA and invest out of state, so your interest in owning out of state property resonates with me as well.

There are so many different skill sets that go into this industry that in addition to achieving financial success, this is a great opportunity to bolster talents I already have and develop talents I didn't know I had, and even "eliminate" ones I thought I had.

Would protection still be achieved if the LLC's had similar names and the same mailing address?

Thanks for providing answers and that necessary "push" to help us achieve our dreams!

It's defiantly achievable I'm getting my team together to move into other markets myself.

I especially like that you're taking advantage of the power of partnerships to achieve your goals.

I rent out the spare rooms and I've achieved essentially the same thing.