None of the other LLCs will think you're cool if you're so desperate all the time.
I personally don't advocate the separate LLC per property. The equity is more relevant.
ARS,
Would you mind elaborating on this a bit? I'm not sure I know what you mean by the equity being more relevant.
Thanks!
If you own three properties with no equity, why do you need three separate LLCs?
I'm a fan of deciding what risk your comfortable with and grouping together - I.e. You might have 3-5 properties in an LLC, based on the equity (say, 100k in each one).
If you have a $1MM property, that may warrant its own LLC.
But remember each LLC you open has its own costs associated with it, in terms of both time and money. So weigh that against the benefits, the potential liability protection. If there isn't much to protect, why are you paying all these extra costs?