Many investors use LLCs or trusts for tax benefits, asset protection, and estate planning, so this flexibility can be a significant advantage.5.

@Raul Mena There’s really no need for an LLC at this time, but landlord insurance and/or an umbrella insurance policy may be a good idea to give you extra protection because of those other people living in your home.

If the answer is no, I believe you’re overly concerned like many BP forum alarmists who don’t understand anonymity is not asset protection. 

For example, do you need a permit to swap out windows (lead renovation EPA requirements for the age of home or do you need tempered or fall protection) all the way to a city that has $3,000 permit fees. 

The government wants to force landlords to cover the cost of cooling renters, but that same government doesn't protect paying customers from rolling blackouts.

Texas has no requirement for an operating agreement, but I would like to have one as I hear the general consensus is that (if done right) will help with liability protection. 

Transferring properties in your name to a LLC gives you instant asset protection.

If it’s possible to get enough of the renovation done quickly then I’d move in some tenants even at a discount to provide protection from the squatter.

Consider a yearly refinishing or a protective sealant.Utilities and Amenities:Laundry: The presence of in-unit laundry is a major plus for tenants.

Therefore, diversification can help protect your investment returns.Selling an investment property can be strategic when you aim to diversify your portfolio or seize more lucrative investment opportunities.