New Member near Birmingham AL

[Frank Patane]

Hi All!

Just a quick introduction and question.

I am a relatively new real estate investor who just moved to Birmingham AL. I rented out the house I moved from in Gainesville Florida and I bought a turnkey property in Center Point AL.

Here's my question: Is it time to form an LLC? Alabama offers series LLC and I'm hoping I can put the Florida property in as well. I have landlord insurance on both and I just bought an umbrella policy. Alabama insurance doesn't cover mold, and the property I bought was recently an old foreclosure which my turnkey company flipped, but the master bedroom is below level next to the garage and I want to be sure I am protecting my personal assets from any mold issues. (Property and health)

Is an LLC the right tool to use? Any recommended attorneys you have used in the area?

Thanks and you all have great posts I love reading!!

--Frank