There are so many agencies protecting tenants—who’s protecting landlords?

Don't ever think that the relationship will protect you.

I've heard there's a good chance the mortgage company won't care as long as the payments continue to be made on time but I still want to protect myself just in case.

From what I understand, that essentially negates the protection you get from having an LLC.

My 2 policies earn 4-6%, I have full control of my cash, uninterrupted growth even when I'm using my money, creditor protected here in Texas and in most states, Tax free growth and I have a massive death benefit and long term care attached to it. 

If I was the buyer's broker, I would have checked myself to protect my client.If they had, then they would have found out it was not a three family.

If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

I don't think that simply having an LLC would protect you from that Bubba the roofer.

Use tax benefits like depreciation, repair deductions, and tax-free refinance proceeds to offset income, and consider an LLC for liability protection.

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.