Ouida,I am not familiar with Dogwood Capital LLC, but, if it seems to good to be true then it likely is.

I would say anything over $1 million in downpayment warrents to consider an LLC.

Plenty of posts here on BP about LLC or not.

Hi Stan,This is a great question and the answer really depends on what you're doing and how the LLC is taxed because where the LLC is formed and filed will largely depend on where the LLC is considered to be doing business.

I'm concerned about which bank I should use for this business LLC.

Hello Fellow Investors,Does anyone have any knowledge of Condor Finance LLC?

You can also transfer your property into an LLC through a quitclaim deed, which allows you to transfer your interest in a property to the LLC.

I believe there are de minimis rules around whether it requires registration and other compliance stuff.As far as a member-managed LLC with multiple members, the operating agreement details the mechanics of decision making.

I own the majority (~54%).We only have 1 tenant now.We are doing arenovation of the existing duplex and building an ADU complex, Once finished,we will have around ~5,000 sq ft of living space across 2 2 bed 2 bath ~1,000sq ft ADUs, 1 ~2,000 sq ft 3 bed 3.5 bath unit in the existing duplex, and 1~1,000 sq ft 2 bed 1 bath unit in the existing duplex.This will be a 4unit (s 4 tenant groups) property butunits will likely be split so that is not equivalent to only 4 individuals.There will be a total of 9 bedrooms and 8.5 bathrooms.Given the size ofthis property once completed and the amount of individuals potentially residingthere, AND given the multiple ownership dynamic, does it make sense to havethis in an LLC once it is completed or is that overkill given we only have theone property?

I'm probably overthinking this, but here's an LLC formation question.