LLC and Rental Properties .... What's recommended ??

[Michael Dunn]

I am looking to purchase my first Rental property within the next month or so 

So before I buy my first Rental property, I want to go ahead and find out if I should put each Rental I buy into an LLC at all ?

Or do I want to put every Rental that I buy into the same LLC ?

Or do I want to avoid LLCs all together ?

I have read various articles and heard opinions on both sides .... Some favoring LLCs and others saying that the cost to set them up can be Costly ( Depending on what state and or County you live in ) , so depending on this , sometimes it's not worth setting up individual LLCs.

I lie in the Desoto County,MS / Memphis,TN area , and from what I have found through researching both state's LLC procedures ..... The cost doesn't seem that high at all on a per 1 LLC basis . Now this is if you do it yourself, so I'm not sure how much a Lawyer would cost to MAKE SURE I set them up 100% correctly to protect myself and each propety(s) within an LLC.

Thank you for any and all help and insight on the topic at hand.

I just want to make sure I fully understand LLCs and if makes sense to go that route with my Rentals.

Thanks again