(So the business is only taxed once)To make sure LLCs are as strong as possible, you'll have separate bank accounts, credit cards, etc.Even though I currently own all of my properties in an LLC, I am considering purchasing a few personally so I can get 30 year financing at low rates.

Electric is already separate for each unit, so in that case each tenant would be responsible for their own electric heat bill.The whole house is about 2400sqft, there are two 2-bedroom units and one 1-bedroom unit.

I would say you do not need separate accounts for your funds.

I am looking for some recommendations on a RE attorney and CPA in PA as I intend to use a self directed IRA for seed money and then Hire a separate entity (also controlled- owned by me) to complete the repairs that will be required.

At the time I think it was because they were going to integrate Quickbooks with BT, but we do that separate anyway, so it wouldn't have mattered.

I'm in the process of purchasing a 2 family with a detached two car garage that is currently rented to an older guy, separately from either residence.The place is only for storage.Absolutely no working on cars or running a business out of.No storing hazardous material or illegal goings on.Not in any way responsible for damage due to environmental conditionsTenant is responsible for securing his propertyOnly allowed to access the space between 8:00 AM and 8:00 PM - so as not to disturb tenants.The gentleman seems to be a hoarder and is in his 70s.

I decided to separate to take care of the kid/s, while hubby continued on active duty.

But I like the feeling of " one degree of separation" that the property management LLC potentially provides between The tennant and I as well as legally should something happen.I was talking with some other investor friends who brought up creating another LLC for handyman/ construction work.

Figure out how to separate your self from the competition in your marketing.

You have 2 roofs)Insurance $100.00 ($1200/year seems low to me for 2 separate houses.