Step by step you are working your way to being an independent player where you can do the deal on your own eventually.  

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

This way, you can protect those inherited assets and keep everything organized.

Diversification is the only protection for Black Swan, large scale negative events. but can this happen again, Absolutely.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

@Nicholas KaniaLLCs and S-Corps are popular structures for businesses among real estate investors because they provide flexibility and protection from personal responsibility.

Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose.

Is it more to protect me against fair housing? 

If you own the main LLC100% and most of sub-LLC’s, definitely speak to an attorney and let them give you options to protect yourself.

They can barley scrape up a downpayment let alone any commission...This "news" really just protects the rich more than anything.