@John Rankin An Indiana LLC is not required, but as @suzanne player said, where you form is a question for an attorney.

@Suzanne Player I am listening to the podcast and I was navigating around the website and did see the books.

Instead, we reviewed each situation to figure out how we could prevent it from happening again.

I'd suggest finding a mentor to learn the ropes in that area or studying some private equity players.

It doesn't prevent a foreclosure or a sale, but it does prevent clear title. 

We do a preventative maintenance inspection2x per year. 

So, I'd say don't worry half as much on fancy business structures as you do on contracts, I'd rather prevent a suite than limit what I loose in one. 

I will give you few tips in order to prevent any issues and then explain how to do your research in regards to the price per room here in Orlando.1) When you place two strangers under the same roof this can cause all kinds of problems.

If you're taking with tenants, you should do your research on eviction laws in your area and whether local or federal eviction moratoriums will prevent you from evicting the tenants if they don't leave voluntarily.  

We do a 2x per year preventative maintenance inspection.