Setting up Business Entities

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When building a Real Estate Portfolio, should there be a separate entity for each property?

Should the finances of the property by handled through that entity or a different one. I was told the property holding entity should hold no money. Can a different LLC from the LLC that owns the property handle its finances?

If you set up an entity for the business and one for each property, should they be connected legally in any way, or kept separate for asset protection?