Way too much liability and risk out there.You can't purchase a residential property in a new LLC in NJ unless you have two years of tax returns on the entity or a relationship with a local bank who will allow it.

You can read all the details for yourself here:Why Viceroy Research is Short on Arbor Realty TrustBelow are some snippets that are included to link this report to individuals and entities that have promoted here or have had investors discuss the investment here so when people search for them they can find this data."

It’s important to highlight several key restrictions that apply to the Affordable ADU:No Related Renters: The Affordable ADU cannot be occupied or leased to the owner, any relatives (by blood or marriage) of the owner, anyone employed by the owner, or anyone connected to any entities involved in ownership of the property.Student Dependents: The Affordable ADU may not be leased to student dependents, as defined in the U.S.

Absolutely get an entity to conduct business with.

If the rentals are wholly-owned and held directly, or held through a disregarded entity ("DRE"), or held as a fractional direct interest as a TIC, they're probably reported on your Schedule E. 

We have experience with 2 entities - one was a state rent assistance program, and the other a church.  

Under the laws of most states, when a corporate entity is dissolved, until a court appoints a receiver, the business and affairs of the entity shall be managed under the direction of the trustees of the entity’s assets to undertake the acts necessary or proper to liquidate the entity and wind up its affairs.In the context of LLCs most state laws permit the remaining members (or sole surviving member) of a limited liability company or, if the LLC has no remaining members, the personal representative, guardian, or other successor to the last remaining member of the LLC to wind up its affairs.The title company needs to do its research and not resort to the "you need to reinstate the LLC" position that many default to.

You have LLC fees, additional tax filings to have it be a pass through entity and all for what?

And a little tip...if you can move all or even some of the properties you own into a trust, LLC, or whatever entity is right for you, the DTI clears up and you look favorable to lenders.

My husband and I purchased investment property in both our names, then plan on moving it to the proper entity.