Place good residents, make sure the block is nice (just not the street) and you should be fine.

I know a gun sounds good in theory, but there are safer ways to protect yourself. 

While it uses partner banks to provide banking services, your FDIC-insurance protection may be limited.

Consult an attorney or CPA to structure this correctly and protect your LLCs.Hope this helps and be careful!

I believe you have to make that your primary residence for at least two years before moving to the next one. 

Question: does anyone have any suggestions on how to protect myself if this happens?

Separate LLCs and bank accounts are needed for asset protection, bookkeeping and tax return preparation. 

She says that it won't be shared, but of course if it is for their records, it is also to protect them in case there is litigation.

@Brady Hales @Jason Marino, aren't you supposed to register this WY LLC in the state you are living in as it is considered doing business from that states and then losing the anonymity purpose of that WY. my understanding is that the reason to put it into a irrevocable trust is for asset protection purpose as you do not own these properties anymore. what am I missing ?

To protect the floor or more importantly the lower level ceiling in the case of a leak/overflow form the washer. 99% of them never do anything their entire life. i would have balked at a $500 estimate for that job.Ps.