Quitclaim deed - Is it something I should risk?

[Josh Calcanis]

BP,

Just finished up with taxes this year after moving back to Orlando.

One thing my CPA brought up was possibly looking into an LLC strictly for protection of my other assets. Separating properties from my liquid cash, stocks, etc.

After looking around on BP and checking with my lender about a year ago, I decided I didn't want to risk the bank calling the loan due. This year after speaking with the CPA, I checked with my lender and he could not provide in writing that he's giving me the greenlight. He did say that 'they'd' (the bank) would never know. He also reminded me that since it was originally under contract for a personal loan and not business, that passing the entity over to an LLC would not protect me in the case of a default on the loan. He seemed to be giving me (not as attorney) advice and all the information he could. I like to cover my basis and that's why I tried to get something in writing.

From some of the experienced investors on here, what are your thoughts?

Is it worth the risk for my current portfolio, which is 4 units total (2 properties)?

If not, would it be smart to start up an LLC dba an S corp and throw future REI in there?

Should I have a separate LLC for each REI?

I completely understand that the majority of posts on here are not any form of legal advice.