@Aj Khan the best way to think about an llc is that it is a different legal person.

I opened up an LLC recently to begin my trek on investing in real estate.

I have spent hours reading the posts and it seems like people either just do it in their own name, or suck up the fees associated with an LLC and take on a commercial loan.I also read you can quit claim on a deed but after reading a couple topics, it seems like there is still a 50% chance the lender will consider it as a full transfer and exercise the acceleration clause.

I have property in both LLC and personal name and llc and can take out expenses in both.If you only have 1 layer of single person llc then it passes down to personal income at tax time.

When having a tenant list my LLC as an additional insured on his renter's insurance policy is it acceptable to have a P.O.

Scenario ( Property is located in CA ) Property Value - $800k-$820k First Mortgage - $351k Current HELOC - $94k Monthly Rental Rate - $4,500 Trying to unlock another $100k-$130k- Joshua 864 Upstate Properties LLC 

An LLC taxed as a partnership is usually best for most people in this situation if your parents are going to be equity investors and not making a loan.Would still have the separate tax return requirement. 

If I put the first house in my LLC will the debt come off my personal credit, which will help me get approved for the second home I want to live in.

Me and a few others are members of an LLC that will hold the title of the property.

It's schedule E (or Form 8825 for LLC-owned) for investment  property.