@Kaylin GonzalezIn a nutshell, the way the tax code is set up, you won’t be paying any taxes on your cash flow.

When I went into the bank they said they cannot open the account with this kind of set up.

I am happy to refer you to someHi, yes I have my EIN and Lp all set up just looking for a deal now 

Do you also set up the LLC or do you not do that there? 

Cleveland has been one of if not the #1 overall rental market in America for the last 10 years, If Indy was great, we would have " set up shop there" .  

I do have liability umbrella insurance, but I want to set up a better business structure for long term growth the correct way.

(Make sure escrow agrees to release monthly rent payments to you until sellers move out, rather than just hold all the money.)I’ve had a good experience with this setup 3 out of 3 times.

I have not set up a trust--mostly because it seems like a lot of extra work and expense but mostly, I don't know the benefit of the trust in ownership of an LLC.

We are all set up with Eastside now and working towards securing a property under contract.

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?