Good to know about bigger buildings and more amenities having more rules, that makes total sense to protect the full time residents.

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

Forming an LLC offers liability protection and clarifies ownership, but it’s usually best to establish it in the state where you're buying property to avoid tax complications. 

I like using Maggie Norton over at REAL PROTECT. 

I would say personal asset protection is #1 but lower cost is a strong #2.   

And behind the umbrella policy can be a complex web of corporations, LLCs, and trusts to protect you.Asset protection can get very complicated.

We have had a rental property in Harvest for the last few years.

Always prioritize protecting your interests—one misstep can lead to significant consequences, especially if someone employs a predatory attorney.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

@Glen Michael you want to protect yourself against portfolio runoff!