I also carry $1M of insurance to protect in these instances as well. 

Hey everyone,I’ve been working in real estate for a little bit now, and like many of you, I’ve found that two big challenges keep coming up:Finding distressed or off-market properties before they get picked up by others.The time-consuming process of property analysis—especially when trying to figure out ROI, ARV, or repair costs quickly.I’m curious how you all are dealing with these issues.

If the first is foreclosing, are you prepared to pay off the first and bid at auction to protect your interest?

Being a landlord is far too complex, far too time consuming, and far too nuanced to do out of state even for many experienced investors, let alone just starting out.

If anything "Thanks for your application, we have decided to go with another applicant"The less you say, the better off you will be when it comes to all these protected classes, potential discriminations you're unaware of, and people's hurt feelings 

An LLC is for liability protection to protect the assets OUTSIDE the LLC.

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.

The government will absolutely protect the homeowner through financial stimulus or some forbearance.

Last I checked emotional support are not protected class.

@Stuart UdisYou forgot to have the Wyoming LLC owned by a Delaware holding company that has the asset then put into a land trust.Then seek 100% financing because you are broke from spending $10,000 setting up this corporate structure to protect the zero assets you have.