Not just in the setup, initially, but separate bank accounts and properly signing all documents as a member of the LLC, even if you post on your personal social media accounts about a property owned by the LLC, if someone sues you, they will try to use all of that to get to you personally.  

One other note about condos in PHX is that your exit strategy needs to be accounted for even more with condos.

I'm sure there may be plenty of other metrics we are not taking into account here and if so, please let us know what other critical items we should be looking at!

My firm can do it, but the funds need to season in your account for a month. 

There were at least 4 maybe 5 individuals on Dave’s team that handled numerous things like; getting any necessary info from me and the title company, providing my account statement (proof of funds) for the sellers of my replacement, working with ERG for the exchange documents I needed to sign for both closings, and getting the 45-day form filled out and sent back to ERG.

Ask an accounting advisor if theirs any benefits to one or the other, but I haven't found anything significant beyond if theres a lawsuit, the LLC's state laws can be involved. 

After the September 11 attack on the world trade towers, they passed a lot of laws aimed at being able to track people, requirements on having identification to open a bank account, and reporting on tax transactions of over $10,000. 

It's easy to set up an account for each property and sub-accounts under that, which is how I would integrate the profit first model if I were you.

Hey Dave, I have not found it common among the accounting firm owners I know to take on clients who just need one-off review on part of the tax return.

But as always speak to your accountant