In our experience we have learned to have it be a layered approach, for asset protection. 

Protect the property values and overall quality of life for all residents. 

They can help draft any necessary agreements, ensure compliance with legal requirements, and protect your interests.Mediation or Collaborative Divorce: Consider using mediation or collaborative divorce processes to negotiate the division of assets amicably.

@Doug Webb Investing in LLC is a risk management (asset protection strategy).

Flexibility and a proactive approach will help you navigate challenges and protect your investment.3: Make strategic improvements 🏡Not all renovations will boost your property’s value equally.

In adddition to requireing my tenants to have a renters' policy, I have umbrella insurance that provides additional liability protection (above and beyond what your homeowners provides for your rental).

So, that if they stay longer or have multiple pets I will end up ahead on average but otherwise over the long run I am reasonably protected for the additional damage risks.

You are probably a "customer" which means they don't represent your best interests and have no requirement to protect you, negotiate on your behalf, etc.

If you have any sort of injury you suffered from the military, GO TO THE DOCTOR and document it.

I hear LLC, no LLCs but umbrella policies and keep pulling out equity to help with asset protection.