Folks,
What are the advantages and disadvantages of using LLCs for rental properties. I know many investors use them to protect personal assets from law suits. I was hoping someone with experience and/or knowledge in this area would share some information. Do you have one LLC per property or use a multi-layered strategy with parent and child relationship between the LLCs. Would it be easy to transfer a property from the investor to his LLC if the property has a mortgage on it. What LLC structure is best in Texas?
thanks,
Sanjay