I'm considering buying a rental property. Would it make sense forming an LLC and purchasing it in the name of my company, rather than owning it directly?
I don't want my name to appear on public records as the owner, I get enough spam mail for owning my own residence.
I want the LLC protection (I'll be paying a management company for day-to-day managing the property).
I want to be able to have a RE portfolio and maybe add investors later by selling shares of my company (for example, form a family business of rental properties).
This purchase will be cash, but maybe later I'll want to take loans for my investments, will having a "history" for the LLC help?
This is my first investment property, and the income expected will not be high, so the LLC fees will hurt the ROI.
The property is not at the state I live in, so maybe I'll have to pay LLC fees for more than one state (I don't know, is it so?)
The question - are my pros and cons correct (especially con #2 and pro #4), and did I miss other potential land mines?