In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

When you start, the company may give you a small existing portfolio, but then you'll have to maintain & grow it to make a decent living.You could also work as a leasing agent at an apartment complex.

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..

This was my first investment property and I had a poor inspector who missed all the electrical and even though the roof had about 5 years left my insurance company made me do that.

I know that I have to rely heavily on a solid property management company to not only maintain but to help find me deals as our relationship grows.

I've been in real estate for about a month now with my company.

Look for growth in a new company or 2.

The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.