No, there are usually no corporate seasoning requirements for an HML.

No LLC for CA residents, in a perfect world, it will offer you protection, unless you pay a professional to draft you a real llc (not off the shelf), and you just buy them online, you will run a chance of buying something that will pierce corporate veil.

I'm setting up my RE business entities in DC and heard that the best way to do it is with an LLC in combination with a corporation (C or S) as manager.Does anyone have experience with this in the DC area or know where'd I get the best counseling on setting up RE business in DC?

@Christian Beebe,Corporate credit without personal guarantees is a whole specialty unto itself, and not my specific expertise, though I do have a potential resource.The short version is that the entity(-ies) need to have a strong enough credit history that they can stand on their own without someone needing to back them up.Send me a colleague request and we can discuss this off-forum.

Are you thinking about buying a cowboy hat, saddlin' up to Austin's east side, to a deluxe corporate rental apartment in the sky @J.

My goal is to eventually own about 10 rental properties and manage them myself so I think an LLC would be better than a corporation.

@Charles Ma I work for HomeSuite and we don't have as much demand for 3+ bedroom properties, simply because we usually lease to corporate tenants who are looking for studios, 1 and 2 bedrooms.

Hi,I recently left the corporate world to become a full time real estate investor.

Just transfer afterwards into your corporation or a LLC.I am 60 years old and I have plenty to say.  

If that entity is of record title now, then it may be possible to either buy from successor corporate entity that acquired of even buy the Corp and use (at least briefly) as a Specisl Purpose Entity.Getting a QC from prior, foreclosed owner is the equivalent of an affirmative release of interest.