You can then show experience in the REI industry since you both have investment properties, and have existing mature assets in the LLC.

You wouldn't want to expose the rental assets to the risk of Flips ( contractor falling off the roof).

The assets, market & tenant base are going remain the same.

Has anyone got any experience with Buildium or rentaloutions? Pro’s and Con’s any other suggestions? We are purchasing our first 5 SFR and would like to automate and keep this as easy as possible. Feel free to comment...

vetting the ground partners is critical.I find it, well, if not humerous, maybe strange..but you have a landlord that bought a mid west 40k rental property and they want a full credit and criminal background on the tenant moving into their asset RIGHT ?

Since she is young, I've explained to her the important of assets vs. liabilities.

If we put it in an LLC, it's safer to do business, and count everything as a business, as well as protect our personal assets. ---- As I am typing this, I'm thinking it might just be better putting it in an LLC, since I can't exactly think of any cons to this.

They do have some pretty good looking software and a good organization system.

IRA's have to actually invest a significant amount in an asset. 

We will have liability up to 1M on the property.My questions stem from loan/Asset Protection.If we were sued, and for the sake of this discussion we are sued and lose $2m, would we only lose our $1m (insurance proceeds) and 20% capital (assuming we have to sell the property).