Am I protected by an LLC if the mortgage is in my personal name?

[John Horner]

I currently have 1 rental property but looking for 2 more in 2014. I have a conventional mortgage on my current rental. I was urged by my RE lawyer to start an LLC for this property for protection. I live 2 hours away and I have a management company managing this rental.

From what I've read it has become very difficult to transfer a property into your LLC with keeping the mortgage conventional.

If I leave the mortgage where it is, and flow everything through the LLC, am I still protected? Or do I have to sell the property to the LLC and get a commercial loan to be fully protected?