R&G Property Enterprises, LLC     321-9175-80

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

I currently have an LLC in Florida.  

Create an llc where the c-Corp and you are partners...This is a VERY simplified version, so all the lawyers and CPAs don't need to yell at me about how that's not so easy!

I've set up 2 LLCs and have been told one needs to set up an LLC to hold the assets and a different LLC to manage the apartment.  

I am interested in becoming a landlord and not sure if it would benefit me to manage my properties under an LLC, individual, etc?  

First I found a contact for the LLC that owned it.

In case you missed the first two posts of my little Stockton Analyses "Series", here are the links:Part 1: Where have all the flowers gone - On over-rehabbed, overpriced properties:Part 2: Straight Outta Stockton – On properties in, let’s call them...

Does the 10 loan rule change if you start putting properties in to an LLC?

Dion, first of all I thank you for the long and detailed answers, i have no problem with your honesty.I know that I can't myself service notes, I guess I wrote "setting up the payments" in my mind was like boarding the notes to a service company that has all the knowledge about regulation etc.Also as in JV maybe I don't have the right knowledge but I meant as two people coming together in some sort of a contract or LLC, one is the investor and one is the "know - how guy", of course I don't think that at this stage I would be the "know-how guy", I just wanted to figure out if there is any customary terms in notes like 50-50 split or whatever.Also this post is part of me learning, I read the forums and read some books, viewed some videos and wanted a bit more information and answers to stuff I had in mind, I thought about pulling the gun on investing in a note as part of a JV so I could learn from and experienced investor.I don't take this business lightly and I don't expect rainbows and unicorns just yet, I know I have big gaps in knowledge but that's why I try to learn and digest as much as possible.