If it is not set up correctly, you leave yourself exposed.

This is an EXCELLENT Blog Post http://www.theshortsaleguide.com/profiles/blogs/must-read-article-exposing

Mike, a very well known lawyer already wrote an EXCELLENT article picking the article you posted apart.http://californiashortsalelawyer.com/2011/06/exposing-corelogic/

I would also expect this to eventually extend to single owner S-corps as well.So, if you are acting as owner, landlord, property manager or otherwise exposing yourself to outside liability, a single member LLC provides little no asset protection.

I don't want to just leave an exposed hole at the end because lizards, insects, etc. will enter the tube.

A warning on projects like that, most state reg.s state that once you open a structure exposing framework, it is subject to inspection AND must be up to present code.

MarcI'm very serious, the problem is a material fact which means these people would not have bought if the fact of this problem had not been disclosed to them, and of course it is obvious that the sellers didn't disclose, and of course the agent must have been at the property many times and at least during one of those visits been exposed to the situation.

And putting it into the LLC I already have for my career doesn't seem smart as it's mixing two different things, and could open my other business into issues, assuming I even could from a lender perspective.Correct on your second point, not so much on your first.I agree you do not want to place a rental property into the same LLC as your IT business as you would be exposing one to the liabilities of the other.

If the agent’s act or failure to act causes injury to a party (or a foreseeable 3rd party) the agent could be exposed to civil suit (and even criminal charges) including punitive damages and discipline by the DRE.

I'd like to do what's most lucrative, but not expose my family to too much risk.