RE Structure for 6 properties in cash

[Danny R.]

Hi everyone. I’m planning on buying at least 6 properties cash in the state of Indiana. I’m doing my research of cities and the areas within them. I wanna protect myself from liability because all properties will be bough cash so I don’t want to lose any of them.

But my question is what LLC structure should I use? Is a complex LLC structure even necessary?

I just sold a property in Southern California that I used as a vacation property for the last 10 years. In recent years I haven't been going there. And with all the taxes and HOA fees in California if I were to rent it out it would make only 1/3 of what that cash can do if deployed in the Midwest.

I'm just wondering what's the best way to protect myself when buying properties in a state I'm not even at. I was thinking of having it all owned by LLCs. Each property inside an LLC, then insured and then managed by a good reputable local property management company in Indiana.

Will having a good management company take care of everything for me shield me from liability? Of course I’d maintain the property and fix any issues that the property management company brings to my attention. What else should I be thinking of? I wanna hire a real estate lawyer to help me, but I’m not sure where should I hire one? In Indiana? Or in the state I’m at? Or at both states?