If not, do you use 2 accountants? 

(ORACLE NETSUITE; Odoo Accounting; Accounting Seed, Acumatica Cloud ERP)?  

I have a docusign account and created my own contract by merging multiple templates and having a lawyer review.

If you have access access to an 'Asset Protection Attorney" (Local), this is a good question to ask him/her.And also be sure to ask your tax person about the cost for maintaining either structure (accounting, tax, quarterly filings, etc...).Everyone always wants 'The Best", but (for instance) a Rolls Royce is considered one of the best, and it COSTS a lot more then a "Used Camrey".Getting expert advice on your personal situation is always best, vs just winging it based on someones response to an internet post.That being said, a Living Trust can own an LLC, but if that setup triggers an added tax return or two, IRS State and Local ($$$) is it the best choice.Which cuts down a tree better; a chainsaw, or a beaver?

@Brian GarlingtonAll Toledo water accounts are in the owner’s name. 

They also offer low documentation and no-income verification loans (based on cash flow and bank accounts, not on tax returns- perfect if you 'write down' your income or if you are self-employed.

or just into the bank account of the property?

Try to start looking at the situation more like an accountant or bookkeeper would look at.

Hi Adam, Most hard money lenders will finance 65-90% of the purchase price and 100% of the renovations in an escrow account.

Tell them to consult their own accountant about their tax implications.