By forming a separate LLC to own and hold each legally titled separate property or business entity, theoretically only the assets owned by a specific LLC would be subject to claims or lawsuits arising against that LLC.

Now we are in pruning stage - trimming off the ones that are further away or cause us the most headaches, and adding those that meet our long term goals better.A very wise person told us early on that if we wanted 50 properties, we should plan to buy 100, and sell half to pay off the remaining assets. 

Bank Statement program will be best to acquire the property and just refinance to better terms when your financial scenario changes .

Also, I'm assuming I'll need to setup an LLC to keep my personal assets protected? 

I'm thinking yield, years in operation, operator experience, asset class targeted, accredited/non-accredited opportunities, assets under management, etcLet me know what else you think is necessary to include!

Hi there- I am a w2 employee in California with not a ton of assets, just starting out, but wondering if it would be better to form my LLC in California or in Texas if I intend to do short term fix and flips. 

I am trying to sharpen the pencil in regards to my financial model for the single family homes that we own. 

Our long term goals are financial freedom, including matching my current salary with rental income in the next 4 years. 

Can we request a financial summary/statement from the seller before making an offer? 

Michael,Thanks so much for your response and definitely considering these other benefits to my personal financial situation by house hacking.