Entity - Legal and Tax Structuring

[Matt Homsy]

Hi all,

A San Francisco resident, I recently bought my 1st investment property out of state (an SFR) and anticipate buying future SFRs in a couple of other states going forward.

I have not set up any entity to this point and am wondering whether I should first consult accounting or legal advice regarding the optimal structure to use? My big question is should I set up a Series LLC in the state of California for all of my investment properties or should I set-up an LLC for all properties in each state I invest property in or some other type of structure?

Any general advice from similar experience and accounting or legal recommendations from folks would be greatly appreciated. 

Best,

Matt