Different LLCs and structuring

[Bret Halsey]

Many of the lenders of investor loans I've been speaking to will mostly/only lend to a business such as an LLC. I've heard a couple investors talk about having an LLC for rentals, and one for flips. As someone who is looking to do both, is this a good strategy? What are the limitations of it for # of properties, scope of business actions, etc? I'm also planning to spend money to help me acquire properties (direct mail, off-market lead gen...), would I want to set up an LLC for that as well or could I fit that into another so I don't have so many?