This PM will be trusted with the accounting, collection, and transfer, of tens of thousands of your dollars, or more.

If you do not have experience with this, I would highly recommend getting advice/assistance from someone that you trust in the business.   

Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey!

Reno is not one I see a lot anywhere.This is what I would do: make a list of every place you have ever lived and then make a second list of where all of your friends and family live that you trust.

From what I'm reading we don't lose our tax exemption in a trust, but you're not protected like an LLC.

I like that baseline seems like a good replacement for Quickbooks, as well.In regards to having multiple accounts, I’ve been told that Chase is a bank that allowed for this, but I also don’t trust that Chase wouldn’t be taken out with the other banks failing, so I don’t know about using their accounts, either.If you happen to come by a bank you would trust, I appreciate if you’d share. 

I would say these are not deals for a retail investor.Regarding investing in syndications, its really a personal choice of being passive and trusting people when real estate is not your specialty - similar to stocks - I do not manage my stock portfolio because I am clueless on it and my wife is 1000x smarter than I am and manages it.

I am willing to give up control to benefit from the experience and efforts of a good operator that I trust when I have the capital to deploy.The main reason for this has to do with time.

With the LLC my mom just “does business as” my LLC because I trusted her but I also got her to do that because the legal age in Alabama (where i’m from) is 19.

They don't tell you the whole truth of trusts and llcs really work.