Personally, I don’t have income but have cash.

Why not do all this in your personal name and just get an umbrella liability policy (which you should have anyway)?

I don't personally have any insight on this asset class, but you have to be able to answer the questions I presented with favorable substantiated support.

Comes with all the bells and whistles, including a business domain and website.Local Attorney:An all-inclusive flat rate of $1,500 would cover personalized legal advice, ensuring all my paperwork is in order and potentially helping me avoid legal issues.I'm balancing cost-effectiveness with ensuring I'm setting up my LLC correctly.

In my personal opinion, it depends on whether or not you plan to refinance and if the rehab you do will substantially increase the value.

Personally, I've bought 2 properties with him as my agent! 

I personally don’t need the services of a buyers agent but don’t advocate that route for anyone else. 

We have created an rental operating agreement for the partners within the LLC.Do we need to consult with the Lawyer or legal team to finalize the operating agreement, so that when in need that document will act as a legal document towards our LLC for the members. yes I would consult with an attorney to make sure you have everything in there, for example what if someone files personal bankruptcy, dies wants to be bought out, arrested for fraud...

My concern is that I’m looking for job close by the property but haven’t found any has yet and I’m the only person working right now so it would be hard on me if I leave my job and go to live there without a job.

Hello all,I understand, owning a personal property and living in it for more than 2 years you can be exempt from capital gains.