An LLC when properly formed and administered provides separation and protection of assets that are outside of the LLC from the actions of the LLC.  

An LLC offers some liability protection, BUT states vary with the cost to get and maintain an LLC.

Some kinds of auctions allow you similar protections as a traditional sale.

I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.

They pile up fast.If you’re serious about long-term wealth building in real estate, protecting your portfolio is just as important as growing it.

This tax is designed to protect tax-paying businesses from unfair competition from tax-exempt entities.Running a self-storage facility is a business. 

You could restructure the contract to increase your protection, but the seller won't like that.

There are those on YouTube who are very close to violating the law, if not dancing all over the line.In my opinion, the real problems originate when the buyer isn't clearly disclosing the risks to the seller, or violates the Consumer Protection ACT, or doesn't have enough capital to make the payments, or does equity stripping, (some equity stripping is legal, some is not)  12 U.S. 

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.

They are not secured investments and you have very little protection outside of out right fraud laws.