This tax is designed to protect tax-paying businesses from unfair competition from tax-exempt entities.Running a self-storage facility is a business. 

They are not secured investments and you have very little protection outside of out right fraud laws.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

They pile up fast.If you’re serious about long-term wealth building in real estate, protecting your portfolio is just as important as growing it.

I feel like a condo would allow me to: 1) Get experience and my foot in the door with little capital.2) Protect me from getting wiped out by an unknown capex expense.3) Potentially house hack.4) Not feel bad about burning money on rent. 

-Legal Protection: A real estate attorney should draft the seller financing agreement to make sure your interests are protected.Final ThoughtsThis might be a pretty awesome first project if you can work out some sort of low-down, seller-financed deal with sweet terms.

- Say you decided not to go all in on real estate, do you have confidence that your current nest egg would be enough to protect your retirement spend?