Business strategy information for rental property

[Austin Farsai]

So I had a number of questions go through my head and haven’t found the right person to explain this if anyone could help me out. I have a rental property that I am the owner of and was wondering what is the best strategy to go with is is create an llc and then business license under that to manage the rental and for taxes go with an s corp or would I not do an llc just create a business and business account get an umbrella coverage and for taxes declare an s corp? If anyone has anyone that I could talk to or know who would be able to answer questions like this I would greatly appreciate it. I plan to scale up and own multiple rental properties and manage until I can get a property management company. Thanks for all the help!