Partner with a friend to protect both interests, create an Operating Agreement, and focus on saving and preparing for the down payment and reserves.

The other issue is that you want to protect your personal assets from liability caused by your rental property.

If you are lucky enough to be accepted into his mentorship program, go to sleep soundly and know that you have someone in your corner that not only knows his stuff but will protect you and guide you always.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

You’re not going to get privacy, tax advantage, or liability protection.

An LLC also provides liability protection for your personal assets in case of issues during a flip.

Here is a standard clause from the Columbus Realtors you can use to protect yourself:111 Investment Property Purchase ClauseThis Offer is contingent upon Buyer’s satisfactory review of all leases, rental agreements, deposits, past _______ years’ income and expense reports and within ___________calendar days after acceptance of this offer.

Assest and liability protection. 

I'm the landlord of a 3-unit building and wanted to know if I should be concerned about any potential plumbing issues (like freezing pipes) or other safety concerns.What steps should I take to protect the building, and are there any other things I should be worried about in this situation?

A growing number of my clients have been utilizing this niche of protection.