It's a great starter property, so you can work out the kinks, figure out management, and build out your team.

The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.

I currently own three properties, each managed by a different team.

Most of that here will go into the downpayment and closing costs and even then, especially if you long-term rent out the property, you'll likely not cash flow much at all even if you self-manage.  

You can enter for a lower price, learn the management process, and just get a feel for real estate investing without taking on a huge project.

Both properties are under property managers.

We have 2 LLC's that run management companies and 10 LLC's that do real estate investing.

While insurance has covered some costs, the process has been stressful, even with a property manager (their responsiveness to these issues has been slow).

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

I managed a budies house in a strict HOA and he was continuously being sent bills for fines from things like parking on street or leaving trash cans on the street after trash day.I personally will never buy an investment property where there is an HOA.