New Member - Hartland, Michigan - LLC basics?

[Dale K.]

Hello all, 

        Have been lurking for a while here, reading and listen to the podcasts.  Great community resources!

        I grew up with my parents owning & operating multi-family buildings and homes in a small town in western NY.

        We are in the Hartland, MI area, and have been looking at single family homes for buy & hold rentals.  Our goal is one or two this year.        

A question or two to start with: I think I want to set up an LLC, should I do through a lawyer or have people have good or bad experience with a more DIY approach.

We have set up a separate bank account and separate credit card (in our personal names), will this work ok with LLC? Goal is to have tenants direct deposit the bank account.

Thanks,   Dale Klein          Hartland, MI