Creating an LLC for investment?

I am considering purchasing a residential income property (which I will probably not be occupying). Many buildings are owned by LLCs and I would like to evaluate the financial considerations of forming one. Does it make sense for only one building? One partner? Owner occupied? Which expenses can I handle differently?

Does anyone have good suggestions for places to look for help in answering these questions?

By Farkus | 03/09/2009 7:16 PM