Maybe you rent a garage separately for additional income.

Over many decades it was COMMON not to have separate water.

It can potentially help with asset protection by having a separate entity, but it doesn’t help from a tax perspective.

However, if someone sues you and wins, they could take all of your rental properties.Better:Using a separate LLC for each rental property.

Just not a space I enjoy working in.There are some good ones in Columbia, but it's hard to separate the wheat from the chaff.

Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours. 

You may have a more profitable exit if you can build them as 1-4 units versus larger and can subdivide the buildings into separate properties.

Again, this doesn’t make sense because my new manager has already said they want me to hold onto the deposits.On top of that, they’re now claiming that I legally need to open a separate account to hold the deposits.

Separate personal finances from rental income to avoid anxiety.

Worried about keeping things separate now that I’m thinking along these lines a month after owning / after rehabbing the property but better late than never, I hope.