Any advice would be appreciated- thank you!

[Jeff Ausdemore]

Fellow BP'ers,

Thanks to the quality of this site, the Bigger Pockets "meet up" that we've formed locally (Mid Cities), and meeting/networking with some great people, my wife and I are closing on our 3rd single family home here in Tarrant County in a few short weeks. Everything is going well, and we're excited to continue learning/growing in our REI venture.

Here's where I would love some advice, from those of you that have taken the step of Incorporating (LLC's, Series LLC, etc.)

My brother and his family have recently moved here from California, and we're ready to invest together moving forward. Our investing strategy will focus on single family homes in excellent school districts (thus far, we have 2 SFH in Keller ISD, and 1 in Northwest ISD- Byron Nelson HS), as well as multi family properties that make sense from a cash flow perspective (We've looked at 2 four plexes, and we're currently evaluating an 8 unit apartment complex).

Here are some questions we have for the well informed masses at Bigger Pockets:

#1 Do [you] recommend that we set up an LLC for all properties, or a series LLC, delineating each property into separate LLC's "underneath" the main LLC? Any other strategies we should be aware of other than an LLC?

#2 Do [you] recommend that we use an attorney to set up this LLC, or have [you] found success through RocketLawyer, LegalZoom, etc.? We understand that the online legal "do it yourself" route is much cheaper, but we'd like to be 100% certain we've covered our bases, and we're fully protected.

#3 What tax strategies should we be aware of going into this LLC? Do [you] recommend that we seek out a dedicated real estate CPA as well? Are there real estate attorneys our there that specifically work with real estate CPA's that can "see the whole picture" with regard to our legal protection and tax liability?

#4 Can anyone recommend an excellent real estate attorney and/or CPA to help guide us through the process of setting up the LLC, and planning for tax season in the years to come?

As always, thanks in advance for any help you can offer!

JA

AusProperties