My goals are:1-  create supplemental income2- create an amount that will assist with retirement3- provide a revenue stream that my children can have for the futureI joined BP after hearing so many positive comment on various podcasts. 

Obviously there are life hacks that we as landlords pick up over the years — how to negotiate with people (e.g. contractors) who want to kick you around, how to buy inexpensive yet durable flooring, where's the best place in town to get rid of crappy furniture, etc.Does anybody else have some good ones?

We also had to make the bedroom windows a little smaller so that the bedrooms would work well with furniture. 

The mother of a friend of mine passed away and the children didn't want to keep the property.

Especially appealing to those with pets or small children. 

I would never consider a lease rate contingent on number of children for a few reasons. 

My thought process is that is looks like it is part of a trust and the children just want to get rid of it.

@Kenneth A Morris You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.+ You should also look into this threads -593044-separate-llc-vs-one-llc 592496-break-portfolio-into-multiple-llcs 597657-should-you-form-a-llc-for-each-individual-rental-property 648640-how-many-properties-do-you-have-in-your-llc

Do you have to anticipate and expect more seasoning time due to more up front costs like furniture and other disposables? 

Sometimes our spouses, children, etc., need to hear hear it from another source for it to truly absorb!