Any recommendations on lawyers to talk to that can assist in advising on an LLC fund (if needed) and how? 

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

Hey Mitchell, I recommend you checking out the Cleveland market. 

I would maybe recommend reaching out to another CPA or two to get an idea of the cost in your area and with your situation to see if you're overpaying.

I would recommend that you do your research and seek out the best property manager in your area. 

Third, I'll check in my resources to see if I can recommend an agent.

If you're working with an investment brokerage, I'd recommend tapping into Tampa and Central Florida markets too—areas like Riverview, Wesley Chapel, and Brandon have been strong for both flips and long-term holds with steady demand.

As a result, if you decide to setup an LLC I would recommend CA if you are a CA resident, operating LLC from CA, or own rentals in CA.

If you’re leaning toward an LLC, I can recommend some local options to help set it up.

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?