Yes, we do have a property manager (my W-2 job is Enterprise Sales, so I travel some and also have 4 kids under 7, so life can be a bit nutty sometimes) :-) But the property manager is outstanding, and renting to the demographic that we do has created 0 problems the last 3 years. 

A special note, if a home owned by an LLC or trust is used as a commercial enterprise (income generation or business enterprise), the LLC or trust will need commercial coverage.

I would not put a dollar in any building enterprise, and I do not think any other sagacious businessman would.Senator Copeland.

This runs the risk you will be treated as a common enterprise and jeopardize your separate asset protection benefits of the LLCs.

So, if you and another person have existing personal partnership or joint venture enterprises, having your IRA transact with that person could be questionable.

Originally posted by @Kumar Gaurav:I just wanted to know if to know if it's possible to own an LLC that offers a combination of services residential ( rentals) as well as consulting such as software consulting service so that everything is under one umbrella.I wouldn't combine enterprises with different types of income. 

My day job is an exciting mix of marketing, sales and enterprise level business development.

Photo sharing and social life sure, but more importantly the game of whats possible in business and enterprise and capitalistic endeavors.I think this place is a great fit.

They are experienced HML's and active investors.Emerald Dolphin Enterprises - Terry or Tyler Weakleyhttp://www.emeralddolphinenterprises.com/

I work the Texas panhandle area, have my own office, transportation and cell phone.Cecil 'Lee" Russell: CleeR Enterprises; Amarillo, Texas 806-316-8642