BiggerPockets

Depending on the state, fees can vary. Here in CA, it is $800 per year, plus the fee for a set up (unless you do it yourself of course)

Are you forming a single member LLC or partnership LLC? If multiple members in the LLC, I suggest you consult with an attorney first. An operating agreement is pertinent.
Try Nationwide Incorporators. They can form entities in all states and you can compare fees.

Depends on the state. Its all over the map. Here in CO its $50 and takes about 10 minutes to do the state filing. If you use an attorney, they'll add their fees on top of that.

Series LLC's are not currently recognized in all states, so you need to make sure the properties you own or invest in are in the states that do currently allow the series LLC format.
Consult with a RE Attorney as I am not one.

Yea I was a little bumbed out when I saw it was that much.

In some cases, purchaing RE in your own name is ok so long as you add the appropriate liability protection in the form of insurance, and due diligence.

Hang on. An LLC is a pass through tax entity. If you're the only member, all the income and expenses flow directly to your personal return. If there are multiple members, it files a partnership return and the income and expenses are distributed to all the members. There are no tax benefits to an LLC. The benefits are the liability protection.

I 100% agree with Taz and Jon. That is why I by-passed the LLC and started an Incorporated entity. $65 to create it in the state of Michigan and it does NOT have pass-through taxation like a personal DBA or LLC.

Because there is a lot of case law routinely piercing single member LLCs as nothing more than an alter-ego entity. Especially, if the taxpayer has elected to treat it as a pass-thru entity. Lots of courts are looking at single member LLCs as little more than expensive and complex DBA registrations.

A corporation, even one wholly owned by a single shareholder is harder to pierce. But, still easier than one with multiple shareholders.

As in many things in this world, there is strength and protection in numbers.

Nick,

Just curious - why did you select the s-corp option for taxing?

An S-corp election for a corporation makes some sense. It lets the profit and losses flow through to the shareholders. I don't see how that makes any sense for an LLC. An LLC does that anyway. An LLC can elect to be taxed as a C-corp, which might make sense under some circumstances (not sure what). A C-corp makes sense if you can do fringe benefits inside the corporation, and pay for those with pre-tax dollars. But it incurs the double taxation of any money distributed as dividends. An S-corp election avoids this. But so do LLCs.

In most cases, you'll need an entity in the state where you own the property. If its formed elsewhere, you'll usually have to register as a "foreign entity". Guess what that costs? Same as forming the entity in that state.