They are spending a lot of money to build the servicing business, primarily on hiring new people it seems like.

I’d like to be protected if it takes longer than 60 days to sell a spec.

If it’s in an LLCs name it s protected if maintained correctly.  

@Ben LeybovichI think in the perfect world, new investors would spend enough time and energy learning how to analyze properties themselves, what the various calculations mean, etc.

But i am very happy with the downside protection it provides.

Martin the property management argument isn't really an argument if you look at the bigger picture that most investors don't want to manage their properties anyways because they are spending most of the time on their main job.

If you are just looking for principal protection assets you can do a lot better than empty houses, if that's what you are doing. 

Your total spend might be like $1,500/year on everything from brokerage to MLS to boards.

I agree with complications of ownership when it comes to Land Trust, and it also does nothing for asset protection. 

Expect to spend several thousand.