Hello,
I am working on setting up an LLC to purchase our first investment property (a 4-unit). I have read about series LLCs in Missouri, and I think that is the direction we will take. Since this is our first investment property, how exactly should the form be filled out? We also have a single family that we are currently living in, and will turn it into a rental while house-hacking in the 4-unit.
My questions:
1. Should the main llc hold the first property we purchase or does every property go into a series "pocket"?
2. Is there a correct way to name each pocket? Would I just use the llc name and add the street name at the end? ie: Smith LLC. Main st.
I am hoping this is something I can figure out myself and get filed. If you think it's absolutely necessary for me to have an attorney help, please advise. Also, recommendations for an affordable attorney in Saint Louis are much appreciated. I got one quote for $800 to set up the llc for us, please tell me that's overpriced!