It's all about the personal financial statement.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

However, we do have a large breadth of products at Aslan Home Lending, and we will be able to find something that would work for you, although it may not be exactly what you are looking for.Let me know if you would like to discuss further! 

Of the two options you mentioned, I personally love house hacking.

The majority of US homeowners (purchased or owned before 2023) have very low mortgage rates in the 3%+/- range.

I personally force appreciation by adding value.

I am the meek one, but can morph personalities if needed.

Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.

In total we will have 1 LLC and two separate trusts.All that said, I guess my questions are as follows:-We need to set up an operating bank account for renovation work for our new property, should we set this up through the trust, through our existing LLC or just pay using our personal accounts?

They were referred to me by a friend of mine who owns the a large local business.