Hi, I am working on my first property and have a conventional loan, which means my current LLC cannot "own" the asset, which I'm assuming eliminates protection the LLC would provide.I've seen other threads from years ago, from other states, so I'm hoping someone can provide any guidance on whether it's worth it to continue using the LLC or dump it and keep it all "personal". 

I would love to connect and network to share any expertise we may be able to share with each other!

I would document everything, just for an added layer of protection.  

Truly appreciate all who post and comment for their advice and expertise. 

You should consult with a CPA for guidance on that structure.As for the location of your LLC, you'll want to consult with an attorney who can advise you on domestic/foreign LLC options for maximum asset protection.

I bought my first property with all cash and just did a Debt-Service-Coverage-Ratio loan from a national lender.Cashed out refinance at 4.5% for 30 years at 75% loan to value ratio with ~8% in closing costs all in.Example property: $200,000 valueObtained $155k in cash back to be paid at $787/mon for 30 years.Will use the cash to buy the next property or to use for downpayment for the next few properties.This lender will also lend out to LLC in similar terms.Of course, since my LLC/rental are so new (just started 12/21), we had to personally guarantee the loan while keeping the rental under LLC protection against litigation.

Title cost’s vary so it’s always wise to shop and setting up your escrow are always a tough in the cases that multiple months need to be accounted for but usually those are done accurately to protect you so your HOI and taxes are paid timely and their is no shortages.

Is my area a good area for rentals since its more liberal and there's more laws protecting renters or should i just focus on fix and flips. 5.Who should i be getting in touch with such as based on what I'm doing?

You see, contractors have a precise mathematical formula on how they charge, and if you think a contractor’s fee is based on their level of expertise, the scope of the job, cost of materials, and or other factors that would make sense, well then, you’d be totally wrong on any one of those instances.Contractors have their method of pricing, and it’s all about you!

I'm very protective of my clients and get very excited in getting them the max cash flow possible.