Buy home in LLC, or have LLC manage?

[Jonathan Johnson]

Hello BP,

I'm almost to closing on a 4-unit home that we will be house hacking for a bit. I have a question about LLC's. Though the debate on if they are needed (vs insurance) is long and unresolved, I would like to start an LLC for real estate.

My questions:
1) I've heard on a recent podcast of someone buying a property and having the title agency use two titles - one in buyers name - one in the buyers LLC name. This was to protect the identity of the buyer. I'm not sure if he was going to just refinance into the LLC or what. Anyone know about this?

2) There really isn't any great property management companies in my area so I want to start one. Initially, it'll just be my 4-unit and a single family home I own. Should my LLC own any properties or should it just manage?

Thanks!