If you work with a Management Accountant company they are able to set up a series of entites and trusts that protect both personal *and* business assets.

So far, so good.I then received a series of frantic emails from both tenants (they are a couple) claiming amongst other things that the painter had moved all of their bedroom furniture, leaving everything for them to put back, and that the painter had interfered with personal items.

I also recommend the abc's of Real Estate in the Rich Dad series.  

There are state fees associated with using LLC's and from what I read, many investors won't do that due to prohibitive costs.http://www.biggerpockets.com/renewsblog/2009/03/25/series-llcs-real-estate-investing-primer-leap/

Have you read Rich Dad Poor Dad in the whole rich dad series there are many valuable books that will fast forward your real estate investing career.

The properties each will be deeded to a Series LLC. 

Series LLC!

So, if you have no issue with paying higher interest rates, or has the ability to loan to your own LLC to purchase the properties, then LLCs or Series LLCs is the way to go.For now, I go with the 2nd best approach, which is to cover myself with Landlord and Umbrella policies. 

I’ve been reading a lot about retirement planning, and one of the books I read was a “Rich Dad, Poor Dad’s Guide to Retirement” (that may not be the exact title, but it was a RD, PD series).

I just had read all the real estate books from Rich Dad series from Robert Kiyosaki and I realized that I love real estate investment.