Hey Guys, Question :- I have a property in Ohio under a Sole Member LLC that I am selling and doing a 1031 on another property in Texas.

That or No Shoes Radio on SiriusXM .

Have it be a single member LLC that your master LLC is the sole member of. 

Yes, if I were in your shoes line up a HELOC with your cousin.

If you just want to meet with a CPA to see how YOU can keep your records and then transfer them to the CPA for taxes at the right time, then it is much cheaper.Do you want to keep track of the income/expenses in a spread sheet and give the CPA that, or do you want to hand over a shoe box of receipts each month for them to enter into a database. 

I personally think its best to use a property management company that solely does pm, instead of sales

Should we maybe not focus solely on MFs at this beginning point?

That is why it is recommended to use an attorney who can draft one for you based on your specific needs.If you look for a really standard vanilla use single member LLC you should be able to find some attorney who would bill you between $500 and $3000 for the full service.Also be aware that in Florida single member LLC don’t have charging order as sole remedy.

This example is why a lot of buyers in your shoes end up in neighborhoods with 2-3 unit inventory closer to the $400-450k range. 

Purchase price: $127,000 I purchased the property with the sole intention to rent it out to military in a small military town.