Protection from lawsuits is a big item to consider as well, especially in higher price range properties. 

It's comforting knowing that you have some sort of protection there. 

So buying the right location will become increasingly important here to protect you in the long-termFood for thought.

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

If selling properties, a 1031 exchange defers capital gains taxes by reinvesting proceeds into another investment property, while Opportunity Zone investments can defer or eliminate capital gains tax over time.Long-term rentals should be held in an LLC for liability protection and tax efficiency.

If you will be multiple places chat with an attorney to see if one is most beneficial protection wise, you'll need to register that LLC in the other operating states as a foreign LLC doing business there. 

Unless Quickbooks has addressed the issue does not have a specific real estate module so you have to work around it using customers as properties and jobs as tenants.

@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.

I dont want to hear about you selling me your course or advice at a "new customer price" .