The main concern is his relationship with current owner - friends for a while.1.)

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Not the main GiG. 

Hi @Ralph Noack, this is one of the main reasons student enroll in my course at UofT.

It seems to me accepting bids for a rental would only benefit the landlord in a very competetive rental market with low supply/high demand where you might find high quality renters willing to oubid each other just to get into a place. 

The benefits of Wyoming and Nevada LLCs are oversold.

Just wanted to know if anyone has theirs and the benefits you gained from taking the courses.

With this arrangement, you can still help out your kids, but in turn get all the benefit of RE investing  ( depreciation and stuff).

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

You may not personally benefit such as by drawing income from the rental personally, nor may you inject value into the IRA through the provision of goods or services such as performing work on the property.Basically, you get to be a fund manager and deploy your retirement savings into an asset class you know and understand with these vehicles.