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.

The traditional banking option is likely not an option for year or two( if both partners in the LLC are required to be on the loan).

I just opened a business in my home state with my mom on the LLC to handle my signatures and my eyes.

Whoops, that was Koritzinsky of Koritzinski & Karls, LLC, not Korzinski

It seems that 1/2 the time these properties are owned by a bank or some sort of institution courtesy of an LLC.