I have interests in flips & cash flow quads on the residential side, but more interest in the commercial side, ie storage facilities, laundromats, car washes and apartment complexes.From my studies, it seems pertinent to get an LLC running and to establish business credit.

Also be careful if you transfer into an LLC to make sure the insurance names you and the LLC as covered parties.

However, there are some great commercial/business purpose 30 year fixed options out there right which have NO personal income requirements, (focus on cash flow instead/DSCR), allow LLC vesting, and don't report to your personal credit. 

My partner @Paul Dante Pronio and I are forming our first joint LLC and have a quick question about EIN filing.

After researching Texas Series LLC for a week, I think I'm more confused now than ever before. 🤣 Wondering if anyone has any insight... ?

Getting an LLC?

@Drew Sygit, Do you mean Liberty Mortgage Financial LLC or Liberty National Mortgage Corporation in Southfield, MI? 

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

Here's the gist of our situation:My wife and I own an LLC in Texas and are 50/50 managing members with no other members.

I would start with the rich dad poor dad series which gets you in the right mindset and has different authors as you go along that are masters in their fields.