I know this hasn't been done in the medical debt industry, trying to educate myself enough to see if it can be replicated in the mortgage world.Thanks!!

If you are compliant with you minutes, filings, and no funds are transferred back and forth or commingle, you have a barrier of protection in the eyes of the court.  

I have been looking to make the jump into multi family for a while so any advice to help me keep my googly eyes at bay as my wife calls them will be greatly appreciated.

You can still have agents keeping an eye on houses for you, but until you have a good read on a market you will be doing a lot of gambling.

It's definitly opened my eyes a little.

I like undermanaged buildings, like the one that you have your eye on, because the first year is good equity increase by doing the improvements and attracting good tenants, getting the best rents for the area.

I’m an agent here in Las Vegas that actively has an eye out for homes that would fit perfectly under this strategy.

What I'm trying to say is you need to have eyes and ears on the ground. :) If I were you I wouldn't focus to much on the cash flow.

Was on a REIA webinar last evening and part of the discussion was how the term "landlord" is now perceived as mostly negative in the eyes of society.

I think there are still some room so not panicking but keeping an eye out.