How are you protecting the equity in your property?

[Josh Slater]

Hi, first post. I hope to learn a lot! So, I am looking at doing Airbnb/VRBO type 3-7 night rentals. My main concern is liability and what can I be sued for. It appears 401k's are basically untouchable anywhere and in Florida so are IRA's. So it appears that part of my assets are safe. But, HALF of my net worth is in my house that I am turning into a vacation rental. So, if anything happens at that property and I get sued for liability couldn't I potentially lose that house and the equity I have in it? What are you guys doing to protect that equity? Constantly refinancing and pulling the cash out? I read that if lawyers find out the house is paid off or has tons of equity it is like the golden egg and it will be pursued! Thanks for any advice!