Not every property is suited to MTR or will cash flow that well but you're clearly in a great market and have a great product and that makes all the difference. 

His primary home is also in it's own revocable trust.I don't believe he has any asset in his own name, everything in separate trusts.I believe on each trust he is the trustee with his son as the first named beneficiary.He also carries A LOT of insurance, uses a top property management company and all of his properties are in higher-end areas.I was curious, if he's involved in a lawsuit related to one of his properties - I know the trustee has to be identified and usually the target of the suit, but are the properties in his other separate trusts protected.

Similar to the Rental market the influx of incoming new residence from other states has definitely helped our luxury market.

it is too cumbersome, too expensive and not well suited to being in charge of your own money. 

Fixing appliances in my home is a bit different too because I'm ok with out a dishwasher or another appliance for some time while I work to resolve the issue, however I won't have that luxury with a rental property.

Luxury and Eco are performing the best right now so consider leaning that way. 

It might not suit everyone, though.

If they do file, the owner has to hire a lawyer to answer the law suit. 

For those unaware just this morning NAR agreed to settle its antitrust suit, beginning in July sellers will no longer pay buyers agents.

But the loan officer I spoke with said they have no issue with me moving my properties into an LLC as long as I am paying the mortgage.Because my plan is to purchase properties under my name and BRRRR them and then put them into an LLC the lawyer is advising me to keep them in my name and bulk up on insurance/umbrella policy in case of a law suit.