If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

Purchase and rehab properties will have a similar reduction, but as long as you have experience within the US, you should still be able to get some pretty good terms.

Consult your local CPA to calculate accurately and minimize your tax liability.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Insurance liability, I personally know 2 families that lost their children in home pools.

Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge

@Aubrey Eblin Thank you very much for sharing your experience with the Rent To Retirement Academy. 

None of the walls I'm shifting around are structural so no issue there but from a leasable / liability stand point what are your thoughts?

Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.