Your LLCs are mostly for asset protection.

My first question to protect you and the property owner is are you licensed and insured to be able to manage someone else's property?

For example, is the charge order protection only valid in Wyoming but not in WA LLC?

If you are looking at protecting your profit, you can have a prepayment penalty, that would be graduated, for instance, you could have a $50,000 prepay year 1, then $45,000 year 2 and so on until you get to year 10 with no pre payment penalty.Also for future reference you can get Fix and Flip loans without having to tap into the equity in your primary residence.

We have several loans with NASB which is a big player in this space as well as 2 'HELOC' type of loans from a Private Lender at 80% LTV on a couple of properties that we owned free and clear in our retirement accounts, and used that to put down payments on new properties using commercial non-recourse loans.

Since they will be entering into a contract with you as the landlord this is for both parties protection.

Yeah this is what I have been thinking but the asset protection attorneys kept saying oh there is risk here and I need to understand how much risk there is.I think one concern would be mold, which is not covered by hazard insurance.

So, they aren't a way to save you money only to protect you against things you can't cope with on your own. 2.

@Wyatt Wolff - I am moving under an LLC simply for protection from any law suites.

Cash flow is protected rents.