If you're co-mingling your finances, you will have negated any liability protection a proper corporate entity structure could provide.

I have a property in CA that I want to put into an LLC.A lawyer advised me to register my LLC in Nevada and then complete the foreign entity process for the LLC to also be registered in California, where the property is. 

But I highly suggest getting advice in setting up your own entity. 

After that it’s best to transfer the property to an Ohio tax deduction qualifying entity.

I would be careful of the folks on here that strictly invest in section 8 as there are a lot of pitfalls when working with government entities and low income tenants.

I just did one for an entity I created this year.

We also see the long term potential of rental properties and what they could mean for both of our growing families.That said, I am doing a lot of research right now into the best ways to structure the legal entities so as to get us involved and for tax efficiency purposes. 

Entity Mill. 

Not a CPA, but here’s my take:There’s no inherent tax advantage to having an LLC since it’s a pass-through entity.

This has a lot of administrative overhead, the LLCs being disregarded entities may pierce the corporate veil.