Questions about starting an LLC

[Derek Bleam]

Hi everyone, I live in Pa, and I was wondering about starting up an LLC. So I've read I have to start an LLC in Pa because it's where I reside, but I could create an LLC in a state, let's use Wyoming for instance, that would be the owning entity of the LLC that I would create/own in PA to protect my privacy and my personal assets in case of a law suit. Does anyone in Pa have any experience with this specific structure or can give me information on the best route to take. Would I have to transfer ownership of my rentals to these LLC's? Would both LLC's be filing tax returns? How would I set up business bank accounts? Does any have a good accountant that has experience with real estate LLC's? How can I get business bank accounts, business credit?
it’s a lot, but any information on this topic would be great, thank you. 

[Chris Seveney]

Quote from @Derek Bleam:

Quote from @Chris Seveney:

@Derek Bleam

To Me, if it’s not broke don’t fix it - what is wrong with your current setup ?

I don't really have a setup. I'm in the process of buying my 3rd property, which will be my primary residence for my family and I, it will be our permanent home for a lil while. So then I'll have two rentals: 1 in Coopersburg, Pa and the other one in Quakertown, Pa. But my finances are getting hard to keep track of sometimes, I really wanted to get setup with a business account so it will be easier to keep track of expenses, mortgage payments, rental income, HELOC payments, everything gets handled through my personal account, at the moment. It gets really confusing at times, so I'm just kind of trying to figure out what would make my life easier, and I wanted to be more organized. I have two kids under 1.5 years old, work 50-60 hours a week, and I'm in the military part time, so it's ultimately a lot to keep track of and I want to set myself up for success and not screw myself in the long run.

LLC's can sometimes complicate things, just open a bank account for your rentals and use a program like quickbooks to do and manage your books. you could even hire someone for around $100/mo to do this for you as well