The LLC will protect your personal assets in the event of a lawsuit.

The responses I've received so far:3 said "I'm buried and I'm not accepting new clients"5 said "I don't do them, I wouldn't do them, I wouldn't recommend them"2 said "We're dealing with lawsuits over these things, beware"2 said "Yes, I can help"Not exactly promising.

They are prone to lawsuits.

Sarina,Some developers in CA will say that every condo conversion has attracted one or more lawsuits.

On the other hand, if you would like to make your land available to hunters and you're worried about lawsuits, talk to your local hunting guides.

Otherwise you could end up with a new partner (the ex, the winner of a lawsuit).Second thing.LLCs are fine for many RE investments.

The previous buyer (that backed out because they could not raise the cash) is filing a lawsuit against the seller.

For example, you completely ommitted advertising, management (even if you do it), maintenance (even if you do it), legal expenses, evictions, setout fees, damage done by tenants (in excess of the security deposit), entity maintenance, utilities paid by the owner during rehabs and vacancies, capital expenses (although not technically an operating expense), lawsuits, etc, etc, etc (I could go on and on and on).The good thing is that you're at break even, so this is not a disaster.

Generally it is likely best to have each property in a separate entity, as a lawsuit against an entity would put at risk all the assets of the entity.

In almost every consumer security instrument I have seen there are two clauses which are always in them:1. a "due on sale clause" the language reads that in the event the parties who sign the security instrument sell or convey their interest to another person (a jural person) or entity it will allow the lender to hold the parties in default, and trigger its remedies... acceleration, lawsuit, and possibly an action at equity to rescind the conveyance... nasty stuff in general...Its hard to put to paper... easy to verbally explain...2.