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

Does qualifying In CA lose my anonymity and protection? Or

Assistance animals perform many disability-related functions, including but not limited to, guiding individuals who are blind or have low vision, alerting individuals who are deaf or hard of hearing to sounds, providing protection or rescue assistance, pulling a wheelchair, fetching items, alerting persons to impending seizures, or providing emotional support to persons with disabilities who have a disability-related need for such support.

Please read them, with one caveat: ignore legal opinions of anybody except actual attorneys.A major part of the discussions was whether you would need one or multiple LLCs for proper legal protection, or maybe even an out-of-state Series LLC.

The whole point is to have yourself protected and if it's not done correctly, it will not provide any protection or benefits. 

I won't argue whether its a strong protection or not, but this isn't a hobby for us so we use it.To your question of how does any of this put more $ in our pocket.  

Beyond that, partnerships - even limited partnerships - do not offer much personal privacy to the partners - or asset or personal liability protection or tax advantage over other entity types for RE investing uses.So choose an entity type that prevents such misunderstandings, protects each of you from the other, protects the assets of the joint venture from tax and legal liability, removes you both personally from legal and tax liabilities of the venture, minimizes the business risk of the joint venture and each of you, and maximizes the tax advantages for both of you (through your personal business entities).The basic (appropriate) entity types for this are the: - Limited Liability Company (generally very good for holding an asset and providing it with legal and tax liability protection if done right) and the- Corporation (generally very good at operating a business and limiting their owners' personal liability to their investment in the corporation - to the limit of the value of the assets held by the corporation, though for this reason are not as good at holding assets and protecting them from risk / liability judgments as are LLCs).So the joint venture could be a corporation formed where you live and owned by your personal business entities for operating the venture with the  assets of the venture held in LLCs formed where the property they own is): - one (formed where the corporation is) to hold assets used by the corporation for the venture's business purposes which are of very low risk of causing any liability on their own (bank accounts, mortgages, investments, etc.) and - several others to hold individually EACH individual 'toxic' asset, e.g., -- the real property itself (which by its existence creates all sorts of risk and liability for the damage it may cause like slip and fall accidents, fire, etc.), -- each major group or piece of any equipment used for maintenance or enjoyment of the real property's use (which can cause injury to its operator, others, or to property), -- each vehicle owned/used by the venture (which can cause similar damage), -- etc. ...

Something I'm recognizing is how personal the decision is to form an LLC, increase insurance protection or some combination of the two. 

DO you have a question on Asset Protection or the Bridge Trust and how it works?

Breglio how could a irrevocable living trust be structured to lose asset protection? Or