A common strategy is to keep California properties in your personal name with insurance, then put your Texas properties in an LLC, keeping the states separate.From a tax standpoint, it doesn’t matter much whether you own the rentals personally or in an LLC—your depreciation, expenses, and bonus depreciation still flow through to your return.

Either need more or doesn’t.  

So now you get a buyer and maybe another agent on the buyer side who doesn't understand the risk. 

As a Texas landlord or property manager, you can keep a tenant's security deposit in any account, including a separate savings account, as Texas law doesn't require a dedicated escrow or interest-bearing account.

Kitchen doesn't look renovated.

An LLC doesn't complicate financing, it's often the expectations of the borrower believing it's the LLC that's being approved for the loan and unwillingness to turn over necessary information for underwriting or seeking out a loan product not intended for LLC's. 

Quote from @Dominic Emory: Hey BP community,Looking for some feedback on a creative structure we’re brainstorming.My fiancée’s mom owns several rentals and wants to start passing them down to avoid the 5-year "look back" for medicaid, but she really values the monthly rental income and doesn’t want to lose it as it is part of her retirement plan.

Make sure you’re comfortable with the risk if the new property doesn’t perform as expected or if interest rates rise.Capital gains: Selling the quad could trigger capital gains.

The right financing doesn’t just fund opportunities, it empowers you to step into the next level of your journey.What’s one lesson or personal growth experience real estate has given you?

@Spencer Holland, While an ADU seems like a good investment because you can add a separate living space on the same lot, the cost to build and the income and equity you gain doesn't make financial sense as an investment.