Setting up a business for properties
So I'm in the process of buying my first rental and know that I need a business account to have the rent going into and to be able to right checks for mortgage, expenses, etc. What would the best type of business set up be? LLC, sole proprietorship or something else. I was reading the Bp book on managing properties and it was said that with LLC's it's hard to get loans and if you try to switch it over then banks might call the loan. Any suggestions?
Thanks