If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports. 

What is the purpose of the two million low-interest loan to Seminar Solution LLC?

Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

Walk away from our expert-led 8-week virtual summit series with the confidence to tackle the challenges and seize the opportunities that 2025 has in store.In signature BiggerPockets fashion this is meant to give you actionable, educational, anti-guru, data driven insights for how to start or continue your investing journey in 2025.

I've heard that maybe one way to do it is to put one home in an LLC in their names and one of the daughters. 

I would love to open a joint account with my partner without forming an LLC.

Here is the chart of VA 30 year fixed rates:  https://fred.stlouisfed.org/series/OBMMIVA30YF   You will see that current VA rates are right around around 6.5%. 

For rentals in an LLC, most lenders look at the cash flow of the property (aka DSC Ratio: Debt Service  Coverage) and your credit score rather than your personal income.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

It's not just shorter-term downturns to be aware of, real estate just like the stock market can experience 10 year periods of no growth. https://fred.stlouisfed.org/series/csushpinsa