However, the two LLC approach above basically is like having an insurance premium of $700 a year, ie the LLC, that helps with segregating your assets and providing some level of protection.

How would you approach this issue should it occur?

Would your advice change at all if you were a broker being approached by investors with their agent license, who don't intend to represent clients, but just want a place to hang their license in order to gain access to MLS and lockboxes? 

If you are retiring, I would suggest a more passive approach and invest with other peoples deals, less to manage and great if you want to do other things. 

I 100% agree, that being upfront with all clients, is always the best approach.

Hi @Schuyler Witt, the best suggestion is a multifaceted approach.

How many lenders did you approach?

How should I approach someone I know who’s behind on taxes about buying their property?

Syndication is another passive approach.

Unless you are approaching retirement, I vote leverage!