Maybe with an umbrella policy, if they are well off, wouldn’t have. 

Average rents for a well maintained 2 bedroom apartment are easily $1000.  

If I was the buyer's broker, I would have checked myself to protect my client.If they had, then they would have found out it was not a three family.

They help you grow your investment portfolio, by maintaining the asset, protecting the downside by placing good tenants, and help you analyze new properties. 

In NY, NJ, CT, PA, MA the security deposit is regulated, as well as how much you can collect at lease signing. 

In fill lots with no hair on them 9 to 12 months start to finish My 90 lot project about 5 years from dirt to completion.

I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.

Yes I have good policies and multiple umbrellas but that does not protect me here.   

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.