living off CF & debt free but at what risks?

[Mike R.]

hi all,

the plan is to have enough MF rentals that the net cash flow funds our retirement.  Well on the way with 12 "doors" owned and expect more to come.  However, the only way the retirement strategy seems to work is if each property is paid off so most of the monthly rental income comes to us and not the banks.  However, i wonder about the legal risk (could be other risk too?) with 100% equity in each property should a tenant decide to sue for one reason or another.  Yes, we have LLCs and umbrella policies but is that enough?  is there another way to fund retirement without taking the equity-risk? or should we even be concerned?

thank you