Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

Hey Ronnie,Take a look at it from this angle: one of the factors that will help push your rent in the higher range is the condition and layout of the unit.

@John Pandolfo I'd say the decision depends on several factors.

Community College), and many other factors.

There are some factors consider when dealing with husband and wife LLCs.

Best of luck.PS...also make sure that you won't leave yourself too house-poor on your primary home with the HELOC and you factor in the payment cost on that money as well.

That’s why it’s nice to pool a few different factors in it to create a good tenant story.

But when I weigh the other factors- people, diversity, opportunities, WEATHER...

Good morning beautiful people!!

I recently got a large commercial property under contract and was told by my lender that my experience/portfolio was a factor in getting approved.