Hello BP,My parents recently inherited a timeshare that carries with it some formidable annual maintenance fees.

I'm moving out of my parents house for the first time soon.

Sometimes it’s surrendering the ability to get your money back at all… see this thread on Norada Capitalhttps://www.biggerpockets.com/forums/960/topics/1196567-nora...Unrelated to any investment I have made or even real estate, I have watched both my parents fall victim to clever marketing scams where they lost a combined 6 figure sums - both from in person marketed investments… so not something like a phone scam… but was a private placement “opportunity” not unlike how a syndications are offered, where management siphoned off investor money and used it for their own purposes.   

I am living with my parents and making enough money to save $1k with each bi-weekly paycheck.

No one did for to me, except for my parents, and I have no intention to parent strangers.

My parents, being wonderful caring parents, purchased a large house in cash for little money through the family trust for us.

Individual LLC, Parent/Child LLC, Trusts, etc.

Three years ago, at the age of 18, I partnered with my parents on our first single-family rental.

If the violator is an adult child it's a lower risk because the voucher holder just has appeal and to prove the felon moved to another address to be reinstated.  

A million ways to do it:1 Holding LLC(parent) in a protected state (Texas, WY, NM, NV) which owns the below:2 Child LLCs(one holds title of property, other manages property) in state of where property is owned.Some would say each title holding LLC shouldn't hold more than $X equity but that's up to you on exposure.