How could I use my LLC

[Tar-U-Way Bright]

Hello Everyone,

I'm preparing to purchase my first investment property in the new year, which I plan to house hack. I already have an LLC that I originally set up as a business entity to facilitate managing, overseeing, and expanding my real estate ventures. My goal is to grow in the real estate space, and I plan to self-manage this property.

I'd love your insights on how best to utilize my LLC in this process. Should I use it for asset management, rent collection, property management, or other roles? Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

I also understand accounting and legality may play a role. I'm more so wondering what makes the most sense as I do want to treat my investing journey as a business.

Thank you in advance for your advice!