My question is should we create an LLC to protect ourselves, if yes, what is the best way to accomplish this.

Great community you have created here online.

Buying discounted notes would get you there and be more sustainable, again, UNLESS you build and operate a hard money lending business (which can be sustainable), but less passive.

I believe that there also will be some wholesaling involved, as I'd like to create a steady flow of income over time.

This creates a balloon in 12 months which is viewed as a type of borrower hardship.

First off im not new to investing....This site was created to network and build knowledge.

I plan on eliminating this by putting some of the 20 maintenance workers we have at the company and I would give him a discount on the apartment for him to be the super (these guys are familiar with everything they maintain our 650,000 sq ft warehouse.)I'm not expecting to become rich overnight but I see this as a good investment and a good chance to create some equity.To sweeten the deal I would also offer the employees a ride to work (buy a 15 passenger van) for a nominal weekly/monthly fee which would help cover the driver's pay.Pros:1.

All toilets are not created equal and even good brands make terrible models.

I would like to do things right and at the same time not create more work than necessary.So currently, my wonderful aunt fixes up and manages the properties for me.

Matt - my properties all run around $600/month.I don't think the $50 is going to convince anyone to stay per se - but it may create some general goodwill and help foster a better relationship.