First I just want to say this is a great forum; lots of helpful information! Also, I will consult with an attorney later on but just want some ideas before I get to that step.

I have a question about an LLC I'm forming in Michigan to operate/own rental real estate. This is how I've thought about structuring my business:

I open a LLC for each rental property that I own ("rental LLC"). Each rental LLC would be a single member LLC.

I would then have a "general" LLC that is the sole member of each of the rental LLCs. And I would then be the sole member of the general LLC.

Regarding the management of the properties, can the general LLC be the property manager and collect the rents or would each rental LLC have to have a separate bank account?

I'd appreciate any thoughts/ideas.

Thanks