Help getting a LLC - Yes or No?

[Sai Kopacek]

Hello everyone!

I am signing today to sell one of our live in flips! I will be using the proceeds to possibly buy a great cash flowing duplex close to our current house. As of right now, all the properties we have purchased have been in our personal names. I plan to stay in real estate long term, so I started thinking about putting all new properties in a business LLC for added protection. Also, to run the operation more like a business. Here are my questions and any responses would be greatly appreciated!

1. Would setting up the LLC be ok to do just do through legal zoom? or should I have a someone taking care of it?

2. How long does it take to get set up? I want to possibly make an offer in the next week on this duplex! 

3. If I 1031 exchange a property, can I move it from my name to the LLC at that time? It would still be like for like as far as the rental is concerned.

Thanks,

Sai