We began with a dumpy two-bedroom apartment and an old Corvair automobile.

Yet, just like in the automobile business, there are more buyers for Chevys than Caddies.

Keep your insurance, just have them adjust your automobile to fewer miles or just comprehensive coverage.

The tenants know they are immune to damage judgments because they live cash-based lives.

An LLC also does not make the property immune from liability...it limits it to the assets within that same LLC. 

Or they are or become infected with COVID-19 and can't leave or go to work, AND can't pay the rent.

You know when mobile homes on postage sized lots are selling for over a million dollars in Sacramento County that the world has gone nuts and you better run away before it infects you too.

I have rented many things in my over 40 years of life including, automobiles from Enterprise, AVIS, Hertz, boats or sea craft from various establishments in various states, and yes countless hotels around the world.Instead of asking me for a deposit they feel entitled to and SS# that is the most sacred of identity data, they simply put a hold on my credit card.

The good news is the owner of the business I mentioned earlier retired to FL, put all his money into his retirement home and unbeknownst to him made himself immune from lawsuits because FL homestead laws gives homeowners unlimited protection.

After I bought a house, and furniture for that house, I'd buy a K-car, a nice Reliant automobile.