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.

Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.

Are there any other considerations to ensure appropriate liability protection in this arrangement? 

I mean even those of us that are brokers if we don't protect our position in writing we will get cut out.. 

Placing properties in an LLC can offer liability protection but consult a professional first.

From what you describe I think you are fine and keeping your eye on your portfolio loan to value is key for my comfort. 

Some posters eyes will open up when they realize you're doing just what the Columbus Cartel is doing but trying to be the victim and sly about it.I'll wrap it up on here too. 

@Brian Phor Amuse us and share how this Wyoming LLC entity structure will provide greater protections than an LLC in the state where the property is located or even where you live? 

While you’ll face a fair share of rejections, patience, and persistence can lead to excellent off-market opportunities.Search for “For Sale By Owner” yard signsKeep a sharp eye out when you’re driving through your target neighborhoods.

they're going to estimate conservatively to try to protect the lender.