Entity structure for multiple properties

[Mike Hoover]

Hey BP,

Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I'm going to split them up into 3 additional LLCs but wanted to add an additional structure on top of those 4 and make the 3 new ones SMLLC owned by a Wyoming LP. See attached structure. I'm good with having four separate bank accounts and separate filing but wanted to get feedback and thoughts on this entity structure.

I would say personal asset protection is #1 but lower cost is a strong #2.   We both have high W-2 income and own all our properties clean and clear.   

[Sean Macneir]

I’m no attorney but this looks sound. Holding company over separate entities is what I see common with the investors I work with. LCC as a basic pass through and limited partnerships depending on equity arrangements and profit share of the parties add that extra level of flexibility and not needing to split potential individual partner costs or liabilities.