It helps protect your personal assets and keeps your business operations separate.

This will protect you from a tenant claim that they really had $2,000 security deposit, but the lease only said $1,000.

I am an investor in Tennessee and North Georgia, and have had my eye on NC for awhile now.  

Nothing I've read in the state Landlord-Tenant Law says anything about it as a protected class, and I know the governor recently (2023) signed into law allowing landlords to not accept it. 

What protections would I have if the buyer defaulted?

However it does allow the agent and brokerage to be protected incase of commission disputes, it sets apart specific addresses or territories in which this agent is working with you.  

I do plan to hold it in an LLC, have good insurance and umbrella as well. 3) Older homes in PS - most of the homes in PS are built in the 40s-50s and for those that own them, do you constantly run into issues with major ticket items - plumbing, electrical, etc (things that are not visible to the naked eye).

48 hours after this boyfriend and girlfriend move in I get a message from the guy that the girl punched him in his eye and he is scared to live there and wants off the lease.   

Without some on the ground knowledge those really low prices in some of the neighborhoods can really play some tricks on those "out of state eyes."

The borrower is protected.