You may need that level of protection or you may not.

Such structuring needs to be both established and used properly in order to provide the desired asset protection, however, and it is best to consult with an asset protection or corporate entity attorney.As to whether this is a recommended strategy... it depends.  

When they see that the title has been taken out of your name, they don't care if you're moving it into an LLC for asset protection or if you've sold it to some third party investment company.

Real estate is anything but typical, and the focus is either asset protection or tax savings.

Thanks. this is particular to Alabama.. when banks sell their OREO they are selling it before the right of redemption is over the title company will close and you can get some sort of either protection.. or method to close these out without waiting a yearPert near any title and escrow company in Birmingham will know of this.. you could check there.. its been a few years since I was buying courthouse steps or auction.com stuff there. but I do recall there was a work around. 

I would not suggest to look into establishing LLCs and asset protection strategies till you have at least $100-300K in equity and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Here are some diagrams to help you on this quest:All the domains that need to be aligned/intersect for asset protection diagram:https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram - What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection.Diagram: https://www.biggerpockets.com/files/user/CosIorg/file/asspro-onion-diagram - The layers of asset protection - what, when and cost.

I have 2 cash flowing rental properties in California and one money pit in Detroit. I want to move them all out of my own name, but I don't know which kind of entity would be best. I want to refi the California proper...

The worst thing you could do is not tell the true percentages you expect then a claim be up in the air whether you get protection or not.I have numerous clients who have airbnb's throughout the nation and the premiums often are higher than a regular secondary home/landlord policy.  

Here is what the SEC chairman Jay Clayton stated recently in Senate testimony:"I expect the Commission to consider staff recommendations to amend the accredited investor definition in the near future, including whether the definition should include non-wealth-based ways for individuals to qualify, and more broadly, whether the limitations on who can invest in certain exempt offerings provide an appropriate level of investor protection or pose an undue obstacle to capital formation or investor access to investment opportunities."

Is there a better way to get protection or is the protection from an LLC enough?