Don't get sucked into the liability scare asset protection as the primary reason to form a company, it is part of the big picture but there are greater issues to consider.

So what you're looking for is how to justify getting thier asset and money from it to do for them what they did for you!

They have alot of wanna be asset managers that have yet to impress me.

It has no real estate assets.

You need a CheckWriter software, the right Authorization letter signed by your tenants and blank checks you can get at Office Depot.

That's 1.5 million in assets that generate an income of 15000 dollars per month.I may change my plan at some point to acquire more than one house at a time.

And always use a professional property management company to protect your cash-flow assets!

Married couples who divorce can more easily have a judge order who is responsible for what debt, who retains interest in each asset, etc., and a spouse is usually protected with property titled as tenants by the entirety or JTWROS, where if it's a partnership w/ tenants in common, a break-up could mean your ex-partner sells their share to their brother or stranger or forces a sale to get their money back out.

Also, since real estate really is a numbers game, your math and analytical ability will really help.Don't worry about not being a handyman - let someone else do the $10/hour stuff while you use your greatest asset - your mind.

You need credit, income, knowledge/experience, collateral and assets to be considered for financing in RE, if you lack in one area, you need to compensate in another area, but the ability to repay and collareal can't be completly overcome with other aspects.