Evaluate potential rental properties with a keen eye on location, cash flow, and potential appreciation.

We are going to Little Rock in March and I will definitely place my eyes on something before we buy it.

An LLC is useful for two things: anonymity and legal protection.

There are so many agencies protecting tenants—who’s protecting landlords?

Keep an eye on this.Wow, this is a big change.

An LLC is useful for two things: anonymity and legal protection.

In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

I have heard that it's a good idea to form an LLC as an added layer of liability protection.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Extra set of eyes, second opinion and diversity of your own investments