Bob, who is a jack of all trades, is a deacon, owns an ostrich farm and has started a few clinical research labs in his life, also owns some rental properties.

@Curtis Maag@Wayne Brooks is correct but it was almost changed in the trump tax reform- understand it may change in the future but all you can do is make the decisions based on today’s rules. 

Thanks.My layman understanding (ie I'm not a lawyer and you should consult with one for any legal decision) is:If you transfer your property to your LLC, you need to get consideration for it (ie share, beneficial interest, etc...)Then you need to manage your LLC as a business separate from you (no commingling of asset, proper documentation of meeting, proper administrative chores, etc...) as failure to do so will probably pierce its veil of protection.Except for that, unless your transfer is reversed for other consideration (like fraudulent transfer to avoid an existing creditor), your LLC should provide you the inside and outside liability offered by the LLC in your State.

You’ve got the potential for a faster path, but will need coaching or a mentorJust like Monopoly, we can trade up using exchanges and minimizing taxation.  

So much goes in to that decision.

I have decision I would like others perspective on.

Given we live in an area of California that has high entry costs, we've made the decision to investigate out-of-state options like Cleveland, OH and Little Rock, AK.

I have 2 years of leasing agent experience and have made the decision to go into investing.

Congratulations on your decision to grow in your knowledge of real estate wholesaling.

You’re buying in a prime, appreciating market in LA. 10 years from now you’ll thank yourself for making that decision, when you see the appreciation in your home.