Assuming there is nothing in your deed restrictions that prohibit leasing the property or having the property owned by an entity, it would definatly be a good idea to have these rental properties owned by an LLC or a corporation if you are going to be leasing them. There are legal differences between an LLC and a corporation. There are also tax ramifications that you need to be advised about prior to funding these properties into a corporation or an LLC. I would need to meet with you for about an hour to discuss your particular situation before I could advise you which approach would be best for you from both a legal and tax standpoint. Please feel free to give me a call to schedule an appointment. (352) 365-2262
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