I wouldn't even think about an LLC until you have at least $1 million in equity.An LLC is useful for two things: anonymity and legal protection.

The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.5th pillar is owning everything anonymously.

All prescreening is done by anonymous CL email.   

I'm assuming you want to own in you LLC for liabilty protection as well as anonymity.

@Derrick Cooper So it sounds like you are talking about two properties...For a solid LLC/ Series LLC with anonymity trusts you can get that from an attorney that specializes in that from anywhere from $1500-2500.

This gives you a combination of anonymity and limited liability.

Why do they need a virtual office and anonymity so that you can’t physically visit them?

There are a few steps to it, but ends up saving you money and also can help introduce another asset protection strategy: anonymity. 

I don't recommend that you do this in your name but an anonymous entity structure to separate this from your other holdings.

TX LLC, NJ LLC, NC LLC, etc.).GOAL:  My main concern is security, anonymity, and isolating risk that may bubble up from one of the individual state LLCs, God forbid.