A large proportion of people have no idea what it takes to buy an apartment building (the mental strength and patience required is no joke, frankly) and this is coming from someone who currently has a multifamily deal under contract as of this writing. 

You can take a distribution in kind of a % of the property.You could, but then you have problems for paying future expenses proportionally with your interest.

I’ve always felt like the whole LLC thing was a bit blown out of proportion and always wondering just how often people get sued.

Sure, but it’s unlikely that they’ll make near as much (proportionally) in the days to come as they’ve already made.

IT was a melt down of epic proportions..

Another strategy we have been using is looking for houses with unfinished basements (typically Everett seems to have the most of these), but the caveat there is more often than not these houses are quite old (1930-50s) and can still have original knob and tube wiring, cast iron plumbing, asbestos or lead-based paint which can add a significant amount of cost to rehab without necessarily seeing a proportional return.

Well, there's always Bitcoin :D.Seriously though - as much as I hate the hair-brained and pandering policies Seattle City Council and other similar governing bodies, I think we as landlords tend to blow the eviction thing out of proportion.

So, property damage is not relevant to their future.Las Vegas multi-family properties have tenants living in compact buildings, and there is a high level of interaction between tenants.

So the reward should be proportionally higher than what a mezzanine or bridge lender gets upon entering the deal further down the line.

@Michael Ealy - have you seen the property taxes raised up to the purchase price, or just increased a proportion from previous assessed value?