Contracts will protect both of you.

Luckily it is easy to spot under some scrutiny.Most people here just use Airbnb and VRBO and they collect and remit the payments for you so you are protected, but something to consider watching out for.

A performance deed is a real thing and would provide you with the protection you desire.

I also know that in many cases the llc will protect my personal assets and I fully believe this is either analysis paralysis or just fear of failure. 

I would also like to protect my identity and I am filing a Wyoming LLC to manage a Texas LLC.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I love that the rate is fixed for 10 years, but the PPP is only 3 - best of both worlds, if you are that Texan: if rates go up, you're protected for a decade, but if rates go down you can refi penalty-free after only 3 years.Credit Union - This is a Washington State credit union, coming in strong with that 30 year amortization producing a lower payment.

That being like most businesses, we have altered the operations to protect the managers as well as our clients.   

Here are some diagrams to help you in your quest for answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

This protects me from unwanted vacancies but gives the tenants a fairly low-cost option to get out of a lease.