I ended up buying the LLC Master Machine.As an introduction, I am an attorney myself; my practice area focuses on business entity formations and governing documents, i.e. operating agreements for LLCs and bylaws, shareholder agreements for corporations, etc.I can honestly say that the level of detail with regard to the tax citations and reasoning to include such citations is well worth the money. 

@Chihiro Kurokawa I think of sydicating as a very high level avtivity with a lot potentially at stake.

I would have been able to move a lot faster if I had just started with the duplex.

It also eliminates the need for appraisals, and the annoyance of detailing every minor financial transaction while you apply for a new loan as well as loan origination costs etc and since you don't have to deal with the bank  you can close a lot faster.

Cozy is faster even with the SNAFUs. 

It's my understanding that commercial loans generally require 1.25 DSC, and as someone that recently entered REI in 2018, a lot of the duplex and SFH don't meet the commercial lending requirement because the large metro markets appreciated faster than rent in the last 4 years in an rising interest rate environment.What are some other options that I could do to remove the rental loans off my credit records?

I am new to real estate investing and so glad to have found such an incredible group of smart, talented and helpful people.Real estate investing on this level is new to me but I have always had the burning interest to one day really dive in.

total $1000 monthlyRemember most of the cashflow cities are just coming back to 2006 levels.. 130k down can get you a duplex, triplex or quad in riverside and san bernadino county. cash flow probably $400 to $500 a monthabout your other questions,,Need to set up LLC in state of property--- you dont need that. just a landlord insurance and a umbrella insurance to cover you.Need to set up business bank account--- rental income can be deposited in any accountNeed to find Mentor-- yes Need Attorney-- what for?

For that generation at an older age, it is likely a lower risk level is desirable.  

Especially with the level of patience we have shown due to the interest in this property.Question to experts in this community :  (a) What would be reasonable damage claim?