My realtor didn't like the idea and stated the seller would have no real protection or ties to the property at that point once the bank absorbs the loan at 200K.

.—(1) The tenant shall not unreasonably withhold consent to the landlord to enter the dwelling unit from time to time in order to inspect the premises; make necessary or agreed repairs, decorations, alterations, or improvements; supply agreed services; or exhibit the dwelling unit to prospective or actual purchasers, mortgagees, tenants, workers, or contractors.(2) The landlord may enter the dwelling unit at any time for the protection or preservation of the premises.

Would it be more wise to structure multiple LLC’s, bite the bullet on taxes (for the protection), or just lump them into one LLC and have individual insurances to cover a single property mishap from affecting the others.Curious to get everyone’s feedback on the subject!

For those interested to find information on the National CDC Eviction Moratorium, I have placed on my co. resource page FAQ's, the order itself and a qualification checklist for if a person qualifies for protection, or not, under the order, and application.  

Im asking because im trying to decide if to hold the note in an LLC (for liability protection) or if to just hold it personally. 

We have the deed so we do not need a mortgage  what would be my protection or benefit from allowing a hard money lender to take “first position” on a home I paid cash for and have sunk my whole saving into for a mere $25,000?  

Liability protection or something else?

The only exception I can think of to this rule would be if one of the parties were to obtain an order of protection, or whatever you call it in your state.

That way if the contractor or HUD inspector finds a budget breaking item we have some protection or recourse to renegotiate.

I do not know if doing this adds more protection or not.