LLC Operating Agreement

[Nate R.]

Do I need a special operating agreement drafted for the purpose of holding a long-term rental in an LLC? Or is it sufficient to use an "off-the-shelf" version I can buy online?

[Nate R.]

https://en.wikipedia.org/wiki/Operating_agreement

"Many states in the United States require an LLC to have an Operating Agreement. LLCs operating without an Operating Agreement are governed by the State's default rules contained in the relevant statute and developed through state court decisions."

Some quick googling seems to indicate that an Operating Agreement is necessary documentation to prove that the LLC is a distinct entity from the member, even if it's a sole member LLC.