Although there's nothing about an LLC that changes the way Real Estate is conducted, it can provide important legal protection against personal liability and help ensure your assets are protected in case of a lawsuit or other unforeseen circumstances.

Worse, they can create unforeseen risk, because the owner does not know how to properly manage them.Generally, when you are operating an LLC from one state in another state, you will need a registered agent and will need to file the annual documentation required by that state for both the local and foreign entities.

However I would not be able to afford any unforeseen repairs. 

Have a plan to mitigate risks and be prepared for unforeseen challenges. 

I would first consider the reserves you have for your personal expenses as well as your new business expenses (which many might be unforeseen) before considering scaling.

Things like that happen, but as long as you are saving those reserves for unforeseen circumstances like hurricanes, you should be fine as long as you believe in the market fundamentals and want to hold long term.

Can I limit my leases to a year in the event of unforeseen events in my own life (marriage comes to mind)?

Hi BP,Due to unforeseen circumstances, I am in urgent need to find a new property management company for my properties. 

Embrace the electrifying rush of overcoming setbacks, from unforeseen repairs to time constraints.

Many factors can influence market trends, including interest rates, economic indicators, geopolitical events, and unforeseen developments.