@Andrew Hofing you're misreading the chart.  

I've explained it by creating charts and analysis on paper.

It has a rental business chart of accounts built into the set up and allows you to create each property as a "class" so that you will be able to split out your P & L when you go to do your taxes.  

You've come to the right place to chart the course for your future in real estate. 

Your description of the process is precisely why I want to do it and always have.

I am unsure how to chart this path so I joined BiggerPockets.

Had I known I would have taken the DU value, it was sad but survivable.Called SCCU and now we are gun shy, I've gotten precisely one bad appraisal in my life (above) but I'm too afraid to ask for a new clown to be sent out, I'm just taking the DU value. 

Just because some of us know how to read exponential growth charts, which is what is happening with these covid 19 cases, and realize it could be a semi major thing DOES NOT mean we think it's the END OF THE WORLD.

If you have a 1 million dollar umbrella that is usually a bigger target for a lawyer go after than personal assets of under 1 million dollars.There are other things to think about as well.You can't get a convention mortgage with Fannie or Freddie under an LLCYou will have to transfer it into the llc name after purchasevery unlikely but could trigger the due on sale clause in a conventional mortgage on a single familyMake sure to have the liability, fire and title policies done correctly so you are covered after this moveAlso to make sure that you don't break the LLC protection you need to be very precise with your bookkeeping, and keeping up with the llc documentation.LLC also could up your expenses and complexity  if you are doing separate ones for each propertyDon't let the LLC thing hold your back from purchasing your 1st rental property. 

They walked me through the appropriate charts of accounts for rentals, how to enter purchases of rentals, normal monthly transactions etc.