Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours. 

The purchase was in my own name, not an LLC.

When using a Roth IRA, your Roth IRA is a tax-exempt entity, therefore, any depreciation deductions that pass through the LLC, can't be used on your personal tax return.

Or, put my rental property in an LLC.

I use Quickbooks online for the formal accounting so it's easy for my tax guy to get in there and do his piece every year, since I have an LLC per building.

My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?

Can you sell your currently live in property to your LLC?

We have some concerns:1) Should we a new LLC and have our old one hold stake in it?

I credit the platform's amazing hard work figuring out the new requirements and walking us users through the process;  a website, EIN/LLC, registering for 2 levels of sender ligitamit sender;   something called shake/stir (???)

His company is called Urban Construction LLC, his name is Yohance Moore.