Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

"While we are in town do you mind if we go to Meijer, walmart, aldi's tractor supply company, the grain elevator..."

Certain suburbs don't have many options for multifamily, so you might have to open your search to other locations.

My company, 1031X, is 31 years old and is a top-rated national 1031 firm. 

Were you already closed and this is something the title company missed?

What are some of the main things you look for in a great Property Management company?  

The full guidelines on the Freddie site for LLC are:Permitted Transfers of Ownership subject to conditionsIn situations where all of the following conditions are met, Freddie Mac will permit a Transfer of Ownership of the Mortgaged Premises:-At least 12 months have passed since the Origination Date-The Servicer has complied with all mortgage insurance requirements applicable to the transfer-The transfer is to a limited liability company (LLC) or limited partnership (LP), provided that:The managing member/general partner of the LLC/LP is the original Borrower.

I had an apartment I put on Airbnb & it was lucrative, but the company sold the property and I had to shut it down.

However, finding good liability insurance will be difficult, call your current insurance company of find an experience insurance broker to learn more.

We are in the midst of an exciting period of growth for our property management company.