Owning another business while investing in Rentals

[Carter Bushman]

Hey all, my father and I are looking into buying some rental property together in Columbia South Carolina. The question I have is if there is anything special I need to look out for as my father does own his own business.
By this I mean is there anything special we should do to protect the business from any real estate repercussions and vice versa? As well as any other advice you think I need to hear about this situation.

Thanks.

[Greg Dickerson]

The best structure is to set up an LLC that will be the member and manager/operator of each property LLC.

Always put each property in a separate LLC. This keeps liabilities limited to the property LLC