In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

It potentially offers legal protection.

As for holding properties under an LLC, there are definitely pros and cons—it can offer liability protection and tax benefits, but it also comes with additional costs and paperwork, so it really depends on your goals and risk tolerance. 

The LLC doesn't actually own the asset and most real estate lawsuits involve the actual property, so I'm unsure that it's providing you protection. 

Working in a busy property management company, I'm often asked for advice on camera and alarm systems, and in rougher neighborhoods sometimes it can be a toss-up on whether to keep a property boarded-up between showin...

Now I want to protect myself from any potential lawsuits from them.I'm debating between an umbrella insurance and a LLC.

Also, is there a clause I can add to the lease to protect us from potential bankruptcy?

It won’t be privacy, it won’t be asset protection.

The process involves deeding the property to a land trust and then assigning the beneficial interest of the trust to an LLC for asset protection purposes.2.

The deal is very good and I’m willing to go through with it, but how can I protect myself to the fullest?