We do not have a LLC setup yet and were planning on waiting a few months to kick that process off, but I definitely wanted to get some sort of legally binding agreement in place.

The property is currently not leased and I have a trusted realtor who has agreed to help me with marketing and screening process (and I'll be doing the necessary diligence as well).Now, I want to lease this out via the LLC (that I would setup) even though the property is currently owned by us in a trust.

I personally use both as the cost of an LLC and even the higher cost of lending to an LLC is worth many times the amount of rewards that I get from them.For everyone making broad statements that one doesn't need an LLC, I would strongly suggest that you get more informed about the limitations of insurance and how a properly set up LLC (or sets of LLCs) is protecting you and your assets.

I live in Canada and will invest into the state of PA remotely.I need to know if there is a way to set up a back account for my LP and LLC?

Our apartment has its own address and entrance on the street behind us so it is an ideal setup.

Note: I am having an attorney set up my LLC. 

Hey REI Family, I am in the Milwaukee market and have been an investor & wholesaler for almost 3 years now and have been doing pretty good ive done around 15 assignments 2 flips and have 2 rentals, but there's always room for more especially when you love this business ups & downs.The reason for this post is to set up a network for my big move at the end of the year to Charlotte NC.

You really need to talk to a tax professional now so they can tell you what expenses to track and get you setup with a strategy.

The property is essentially a big warehouse in LA set up with lots of woodworking and metalworking equipment inside, which the current tenant uses.

Most mentors are good for getting people energized - Good mentors work with you step by step to get a house or two and teach you how to move along on your own - Great mentors teach how to buy and manage the properties, set up "systems & methods", along with providing other high level contacts, tax planning, asset protection & generational wealth, strategies for changing markets, and changes in the law.