Loan to LLC -> LLC pays back loan + interest = OK?

[Jay G.]

I intend to buy some properties with cash and then rent them out. I don't want the bulk of the rental payments to be considered as my personal income, so I'd like to set up a structure and strategy to support that. I am thinking set up single-member LLC (I could bring in another family member or two as well) then I can make loans to the LLC slightly above the IRS AMT to purchase property. I assume LLC would need to pay back these loans monthly, with interest. Then, subtract expenses of managing the properties, before any incoming rents would be considered gains/income/profit for the month. Is that close to correct?