Legal Structure for Rental Properties
I have been doing a lot of research on how to legally structure my properties. I currently have a SFH and a duplex located in Ohio. My SFH used to be the house I lived in so that is still in my name. The duplex I bought using an LLC. I have also heard of people who keep the properties in their name and just have an umbrella policy for protection. I have seen so many different ways that people use LLCs and I am trying to see what everyone else is doing. I have considered doing an LLC per property but it's just not practical as I continue to acquire more properties.