They don't have to be complicated or expensive to set up but can help limit your exposure and shield other assets in the event someone wants to come after that.

Get on the meetup app or facebook groups and look for realtor events and try to become a vendor at one.

Whether or not you believe there will be drastic changes, we are already seeing increasing weather events with unusual patterns like the hurricane that whipped through Central (Inland) Florida in 2024.

.: Found mine while attending a real estate/small business tax conference.  

Its a personal nightmare and tragic event. 

In any event you can see what the SEC thinks of modernization here:https://www.sec.gov/news/press...I have read of late that small family offices can pool non-accredited investor money to qualify that entity as an accredited investor. 

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..

So you can sleep at night, consider having at least 2-4 month mortgage payments, taxes & insurance set  aside (in the event you unexpectedly have difficultly in the future finding the right tenant.)3.

Wait for her to bring it up.Don’t focus only on sacrifices and future payoffs.Highlight near-term benefits, not just “someday we’ll be rich.”Don’t force or bribe her to attend meetups.Invite her but dont push itDon’t try to teach them to analyze deals.Focus on what excites themFYI I had to deploy before my wife got on board.

It's designed to protect assets in the event of lawsuits, negligence, etc. and it only applies when there is underlying insurance coverage.