I'd add index funds, reits, equity markets have benefit (and overhead) of greater regulatory oversight/compliance providing some protection/assurance for shareholders.

Ah 'asset protection'.  

So, besides now protecting the floor if this tenant wants to keep using it because these free standing bags can move around, they also are noisy and can cause vibration.

@Kashyap ShahWhat are you protecting against that insurance won’t cover you?

.* Collateral for Loans: I haven't explored this option, but my concern is keeping the asset protected if a project goes terribly wrong.* HELOC: this is how I believe I could use the equity and protect the asset.Is the following a correct assumption? 

This is called asset protection, and the point of asset protection is to protect you for the day you need it.

I would definitely recommend screening tenants as a standard practice for your own protection, regardless of whether the insurer requires it.

Yes, its additional protection for short money ($500-1000/yr) depending on coverage-Will my father be able to transfer money into the LLC/Trust account without it being seen as a gift?

Remember, that padding will help to protect the floors in addition to the carpeting!

https://sutlaw.com/practice-areas/asset-protection/asset-protection-attorney-asset-protection-strategieshttps://www.biggerpockets.com/forums/52/topics/1181145-moving-properties-to-an-llchttps://www.biggerpockets.com/forums/48/topics/1170797-how-do-you-protect-your-properties