Preparing to purchase a 10-20 unit multi-family

[Jim Miller]

Walk me through the order of organization for the purchase of a small multi-family home (10-20 units)

I have purchased several single-family, commercial, and duplexes before and have always taken ownership in my name. I am setting myself up to buy a larger unit soon and want to do so in an LLC. I also need to show proof of funds or have a preapproval letter.

What comes first, identify the property, then the LLC, and then financing approval? Or the LLC, preapproval and then find the property? And does it matter what state the LLC is in? I live in Florida and am looking east coast from Pennsylvania to Florida