. :)Or a lawsuit from a tenant, lol.

At that time I'll be working a full time job at 70k/year but want to get the money I have in the bank to work for me.My original thought was to put about 50k money down on a 3 or 4 unit multi family home (cost about 150k and rent for about $1800 - $2500)... the use another 50k down on either a duplex or a home that has something like an in-law suite to rent out..

I can't speak for Rich, but I have never lost a lawsuit and was only threatend a couple times where it even got close to a real claim, buyt both fell apart on them.

I understand that the benefit of structuring in this regard is to add layers of anonymity, create some versatility, and structure so that in event of lawsuit all of our assets are not  exposed. 

When the peanut butter hits the fan and eventually it will, a whole lot of people are going to lose money and they will contact the AG's office for relief (that means lawsuits).

That doesn't mean they will be successful, but if you are just trying to avoid any possibility of a lawsuit it's a fruitless effort.

Our initial strategy is to either house hack our first investment (SFH with a finished basement or even a mother-in-law suite) or to go through the BRRRR method for a small SFH or MFH.

I'd say to find another source of income to save up for a house, and buy a property that has an in-law suite, or a place where you could build one.

I am thinking to buy another primary residence but this time one with an in law suite so I can live in it.

Edit - Im also going to add, talk to an attorney in the state that you live in and also find out in which court potential lawsuits would be held.