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.

I've read hundreds of these and usually call the agent for an explanation to ensure we're protected.

The money people put down is equity, and it has protections in it for both the borrower and the lender but people really want to get in at no cost recently with FICO that could use some help.

. - Must be on a new construction home - Must be under $450k (which can be hard to do on new construction here) - Also protects against deflation by saying if the equity upon sale is less than $20k, only 50% of the equity needs to be paid back.

We believe it it very valuable for protection, legacy planning, education planning, long-term care perhaps, and as a supplement to our investment portfolio.  

Probably because someone on BP or YouTube suggested it without any evidence to back their claim.An LLC is useful for two things: anonymity and legal protection.

There are a lot of gimmicks out there, such as eviction protection plans, free maintenance plans, etc. and Nomad is well aware that "guaranteed rent" sounds like a great selling point. 

If you deed a property from your personal name to an LLC - especially a disregarded entity - it doesn't really do anything for taxes or asset protection.

In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation. 

Quote from @Mike Dawson: An LLC is useful for two things: anonymity and legal protection.