I assume one of us needs to apply based on personal credit and income requirements.3) Going forward, how do we get bank financing without pulling our personal income/credit?

I am thinking of doing a cash out refi on the rental to fully payoff my primary residence if it would be advantageous from a tax perspective (given the new tax law's higher standard deduction for schedule A, I may not qualify for itemized for W2 income).  

I will definitely be getting in touch with the incoming tenants to at least give them some notice and help trouble shoot the situation. 

I love the idea of becoming free with my time for my wife kids and family with the passive income making us comfortable and being able to enjoy life to it’s fullest, but I’m sure at some point I’d like to sit back and just let properties pay for themselves so my kids can take them all over when I die creating legacy wealth for my family.

My ultimate goal is to make enough money on residual income through rental properties to be able to live off them.

Nobody as a sponsor wants to work their tail off creating equity on a deal for the investors to take it all.For me I make a lot of income transacting commercial real estate deals so doing a syndicate has to give me at least the same or greater return for time allocated.

Although I thought using a property manager would make my passive income more passive..

Monthly income, expenses, insurance, taxes, etc)?? 

My current intent is to find a duplex to live in and rent the other half in order to reduce my monthly rent expenses and eventually start earning income from.

or Do you buy them to rehab and rent in order to creative an easy monthly passive income?