I can't be your attorney here, but it sounds like you're questions and concerns are related to the third and fourth parts of what we call our "Pillars of Asset Protection. 

Generally though, I break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

I will also work with Daniel Kidd and Shelby Osborne from Five Pillars Realty Group, Alotta Properties, TDudley and Kyle from Home Front Preservation and Restoration Inc and John Freudenberg from Silk Inspections.

A lot of time people only think they are risking their current investments, but in reality if there is a lawsuit that exceeds (or is just refused) your insurance they can take both personal assets along with your investments, impacting your long-term goals.Generally though, I break it down into the "five pillars" of protecting your assets. 

I generally break down asset protection for real estate investors into the "five pillars," insurance coming in second.

The second pillar is a good insurance policy as that cover the majority of your exposure.

The realty group (Five Pillars Realty Group) that runs the meet up is full of agents who are active duty, former military, or military spouses.

Because one of the pillars of the “Howey test” is that the profit derived comes from the “efforts of others.”

If you have all your properties in a single Traditional LLC a legal action can impact all of those properties, though it shouldn't be able to impact you personally.I often explain to people the "5 Pillars of Assets Protection."

The downside of doing this is additional costs and administrative demands.I often explain asset protection for people asking this question by using the analogy of the "5 pillars of asset protection."