Creating LLC prior to purchase of first property
I'm getting all my ducks in a row before I get started investing. First, I cant seem to find a search function on this website. So here goes my question.... Should I apply for an LLC before the purchase of my first rental? I am envisioning purchasing 2 rentals a year, hopefully starting within the next 6 months. As I start growing my business, maybe this number will increase. In the event that I dint grow and end up with a few rentals, is an LLC worth the expenditure. I do have some personal assets that I would not want to lose if a tenant decided to sue me as a landlord. What other options are available to protect a landlord other than LLC?
Also, do some of you opt to create a new LLC for each property or do you limit each LLC to a value range?
Thanks