Also wanting to gain more expertise in the residential/commercial real estate field. 

Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

Many owners expect their PMC to spend unreasonable amounts of time chasing bids and be liable for all of the above issues when something goes wrong.We hope owners find this post helpful and others can add their expertise to it!

That makes your bookkeeping easier, and it can also provide liability protection if you hold title in an LLC.

They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.

There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc. 

Also make sure you protect yourself with the correct contract documents. https://www.myfloridalicense.com/wl11.asp

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated! 

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.