Business Structure(s)

[James Letchford]

Today, I went into contract on my first deal for a buy and hold property (with intent for BRRR).  I'm so stoked.

Going forward, I'll be picking up more buy and hold properties to add to my list.  Here's my question: What is the most efficient and effective way to set up my business entity to own this property and those going forward?

• Does it make sense to have one entity that owns each property?
• Should there be one entity that owns separate LLCs for each individual property?
• Should each property have its own bank account?
• Am I missing something else?

I may be getting ahead of myself, but I'd rather not double back on my efforts if someone else has already cracked this nut.

Thanks to those that contribute.