Can I buy a 2 unit invesment property under my LLC?

It's investment only, I will need to get a mortgage on the purchase. The LLC is held by myself and my wife. I would like to do this to limit my liability on the rental property.

Can this be done? Any special issues, etc?

Thanks in advance for your help

Yes you can buy a 2 unit under an LLC

If the property is 1-4 units, you have the option of either doing a residential or a commercial loan. If the property is 5+ units then a commercial loan is needed.

The advantage to a commercial loan is that you can hold the property and the loan in a corporation name and commercial loans do not show up on a credit report except in the event of late payments or default.

The advantage to getting a residential loan is longer amortizations, lower down payment & generally lower rates. Residential loans do show up on credit.

Your local bank should be able to finance it.