Forming LLCs

[Kevin McElhaney]

My fiancé and I are just starting out in REI. We have one rental property and are about to settle on another at the end of the month. We want to start an LLC for asset protection but after thinking about it, how do you plan for future expansion? I do not want to start an LLC named after the property and then eventually have more properties and multiple LLCs, that just sounds like a headache. How do I make things simple and only use one company to advertise and manage all of the properties and other LLCs? I am looking to do things the right way starting out, allowing room for expansion since we are only part-time investors right now. If things take off for us, there is a chance of going full-time.