Where do I go from here?
Thank you in advance for any advice you have.
My situation:
Myself and a partner own 6 SFH within our llc. We purchased them all with cash starting in March of 2012. They range in value from 60k-130k. They are all currently tenant occupied and bring monthly rents of $900-1200. We started out wanting to just get a taste for what the business was like and see if we liked it. We do, and thus far we've been pretty successful at it. We want to take this to a much bigger place, and make our day jobs optional as quickly (not hasty though) as possible. We also are tired of spending our own money.
So, my first question is, where would everyone go from here? Again, the 6 houses are paid for, no lines of credit etc attached.
Second, what insurances should we have in place between the two of us, llc etc as far as liability goes?
Thank you!