Investment partnership business structure advice

[Tim Hsu]

Hi all, 

I'm curious how others have structured their businesses and investment properties. 

Scenario: My business partner and I have acquired 3 SFR and plan to acquire at least a handful more in the next few months. We want to make sure we structure our business in the most efficient manner possible so we can scale.

- Do you open up one LLC per property?

- What about having each property be under one LLC and having one umbrella LLC? In that case, can I just open one biz bank account for the umbrella LLC and run everything out of that company?

- Do you also open up one business bank account per property? (How is this scalable? I can see a world where if you own 40 SFR, you have 40 different biz bank accounts)

- Unrelated to the above, short-term our goal is to focus on acquiring residential (0-4 units). We're evaluating a number of deals a day and putting in at least 5 offers per week. I've noticed that organizing all the information is becoming tricky. Are there recommended platforms that you use? It'd be incredible helpful to track which properties we're looking at, which ones we submitted offers on, notes for each property, which properties sold and how quick, which properties fell out of escrow etc... 

I appreciate all the help! 
 

Tim