b'Here are some general guidelines that will save you a lot of headaches later on:Guidelines for Title-Holding Entities Use a separate single purpose venture (SPV) entity to hold title to every commercialpropertyyouacquire.Donotmixupliabilitiesbyowning multiple commercial properties in a single entity. Commercial lenders wont allow this, but some local banks might. Doing this creates a mess that youll have to fix later if you try to obtain commercial financing on one of the propertiesor syndicate it, in the future. If you try to change title in the future, it could cause re-assessment and a taxable event, as well as transfer taxes and fees, and a new title insurance policy.For single-family propertiesyou may wish to have 2-5 single-family properties owned by the same entity, or make a rule regarding the maximum equity youll allow under a single entity. The equity in all properties owned by a single entity are at risk from things that happen at other properties owned by the same entity. Someone injured at one of the properties can sue (and perhaps win) a judgment for all of the equity in all of the properties that entity owns. Use separate title holding SPVs, one step removed from your syndicate or fund entity, to hold title to land for development projects and for any property with a loan balance over $10M, even if the initial lender (such as a bridge lender) doesnt require it. If you dont and you want to get agency debt or a commercial loan later on, you would need to restructure your companywhich could require investor approval.175'