The LLC keeps its veil by not co mingling funds and by maintaining all the paperwork related to the LLC.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

Also, very cheap to maintain, lasts long, and is efficient! 

•Meet state-specific experience requirements, at least a bachelor's degree with enough accounting credits, such as 30, to know a lot about accounting•Complete continuing education (CPE) annually to maintain their licenseCaveats:While CPAs have broad financial training and licensing, many of them choose to specialize in a niche such as auditing, advisory services, accounting and tax, or corporate finance for work.A lot of people say the BAR exam is easier than the CPA exam.

This means the IRS will treat the LLC as if you and your wife still own the property directly, maintaining the continuity of ownership for tax purposes.

I quickly learned that pools are expensive to maintain, but they’re also a major draw for guests.

An LLC offers some liability protection, BUT states vary with the cost to get and maintain an LLC.

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

If you do find that the costs to maintain the investment property are too substantial and you'd rather sell down the road, it would qualify for a 1031 exchange since the property was held for investment use.

Leverage: Use leverage wisely to acquire more properties while maintaining a healthy debt-to-equity ratio.3.