When you talk about liability you can offset that by making sure you have a good Insurance policy and close the loan in an LLC.LLC protects you and your assets from lawsuits and any litigation from any and all accidents/injuries.

An LLC can help protect your personal assets by limiting liability, and it also allows you to establish business credit early, which can be useful as you scale your portfolio.

Talking to your real estate tax person and an asset protection attorney and then making your decisions is a reasonable way to go about this task.

Get a reduced prepay in case the market does goes lower to protect yourself.

One area realtors are helpful is protecting clients from themselves.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

I recommend you use an attorney to ensure the contract is clean and you are protected.

If you are going to take on the extra work required by an LLC, make sure you have a valid reason to do so.An LLC is useful for two things: anonymity and legal protection.

Just trying to figure out how to best protect my assets as I've gotten conflicting information from reading only about the exposure.  

What can I do to protect myself, as I want to avoid inheriting a tenant who may not pay rent on time or may need to be evicted after closing?