Real Estate LLCs and How to Run Them
Hello All,
I'm new here, but have taken some time to read through this site for this question I have. Chances are, the answers here somewhere, but I couldn't find it. So I apologize in advance if I'm repeating a question.
Anyways, is there a good source of information on how to run a real estate LLC? So far, this is what I know, but I'm looking to fill in the gaps:
Form LLC (rule of thumb may be 1 per property or $300K)
Transfer dead to LLC
Create a business checking account for it
Keep a good divide between personal finances and LLC finances
To get money out of your investment, pay yourself a regular salary. Not use it as a piggy bank and withdraw whenever.
What else am I missing or should know?
Thanks for your help!