You should most certainly speak to a local lawyer about the details that pertain to you.If an LLC isn't the right move for you at the moment though --- having a robust insurance policy will be another, and very important, means of protection for owning rental properties.

I'm not saying to buy with a mortgage either as the video states, this is bad investment advice as well for the average american at this moment in time (unless you're starting a family and can afford it).

Becoming a successful investor won't boil down to a single eureka moment.

At the moment I am looking to wholesale the property. 

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.

Keely, I would like to take a moment to address a few points that were in your comments on Bigger Pockets.

Hi there Mindy hows it going hopefully fantastic , Im a new member and  been tryin to grow my real estate business hear on Bigger Pockets  and loving it hear, a few moments ago I received a message that Im being banned for spamming Im trying to understand how because Im in the middle of doing business with an investor from Dallas when I was cut off do to spamming can to help me please thank you so much stay blessed and great success 

It’s a bit hot at the moment but there are still good deals available on occasion.

I'm not buying at the moment but some of your observations are somewhat consistent with the general process we observed.

It's a "what can you do that is really hard" real estate market at the moment; STRs are no exception.