Should I setup a LLC?

[Rachan M.]

Recognizing that it won't count as legal or professional advice, can you guys share your thoughts about whether or not to setup a LLC?

I'm just starting out, and I plan to buy 1 rental property (both short and long term rentals) each year. I do not see myself flipping houses, I have a full-time job, which can possibly convert into a 1099 consulting arrangement.

Of course, I would like to minimize taxes.

[Natalie Schanne]

Rachan Malhotra - if you want cheap Fannie/Freddie financing, you'll need to acquire any properties in your name. Some investors risk the mortgage due on sale clause and transfer these into their LLC. Other investors take out extra blanket insurance for the asset protection an LLC usually provides.