An LLC is cheap and does offer protection.

When our affiliates are using the company for business cards, door knocking, managing leads, performing acquisition, or disposition with our company does the LLC provide them protection?

I ask this question because I suspect at least 90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against.

Days On Market (DOM) are trending up everywhere - suggest you find out the trend for Akron.It's now Fall - there's a decent in drop in all things real estate after Labor Day when they kids go back to school.Next drop is after Halloween when consumers go into Holiday mode.How often are you dropping your asking rent?

I hope you have a strong relationship and trust with this partner, or have some sort of lien against the property to protect your interest.  

The average consumer here would probably never realize this is done, but I have experienced it first hand on multiple projects.

Continuous participation.This is great if you are talking about an SMB with effectively connected Real Estate.Note rental activity is considered passive unless you meet the RE Pro threshold of 750 hours and more than 1/2 your time.This is the conundrum for passive real estate investors.If you have a full-time job or a large, time-consuming business it can be difficult or impossible to qualify.A huge loss from depreciation if you have one LP investment isn’t going to do anything for you.

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.

For example, at one point I talked with a lawyer that thought an 11 month lease would better protect the landlord and the tenant from some of the changes to the new eviction requirements.Best,Eric

We advertisers would buy banners and email links, sponsor crap and flourish all without the consumer (eye balls) being force fed.