You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.

Probably by talking to them for 5 minutes, besides that, they will probably ask and they can check to see if you are a registered mortgage entity in that state. :)

My gut says you probably want/need separate policies for the different entities at the very least - the purpose of having them is to keep things separate in case of a lawsuit, so combining insurance would pierce the veil and allow someone to come after everything. 

@Melissa Thompson I've never heard of this company but you should be able to verify wiring instructions over the phone and I'd never wire money to a different entity than the one on the contract, or anyone who I can't verify several different ways.

Something problematic they find that was undisclosed on your application (not saying you'd do this, just giving an example), title issues, entity issues, issues with the appraisal even if the value is acceptable...you can either bite the bullet and pay for the appraisal, don't move forward with the loan, or try and find a HML/PML willing to lend to you without an appraisal. 

@Glenn N.As mentioned this makes no sense and you as the lender would never change the name of your company because of thisThe loan is still in the original entity and the loan docs should have default provisions if you used a legitimate attorney to create them

You can rent the space to an entity that is looking for more space (passive, less scale) or you can run your own sober house like Devana does (way more management, way more scale).

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Quote from @Mitch Davidson: I haven't rented to FEMA, but I have rented to other government entities without issues.