Both are in held in the same LLC or your name, you'll be net cash flow positive and be owning the debt, equity, and hard asset at different ratios that's relatively strong for performance growth in the portfolio.

I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing. 

Not only does it protect you, but it also provides the opportunity to open checking accounts for each property under its LLC, which will make tracking income and expenses much easier.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

If you have multiple LLCs you need to setup a separate GB instance per LLC.

Why else would they move their LLC?

If you’re a California resident, the state will still expect you to pay its annual franchise tax for your LLC, even if the LLC holds properties out of state.

We do NOT have a separate LLC for it. 

Eric Spofford's company tried to buy a property from me with an LLC that was shut down by the state months earlier.

Hello,I want to get started in wholesaling in the US from Canada, but I'm a bit lost on where to start.Do I need an LLC or C-CORP?