In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

I have heard that it's a good idea to form an LLC as an added layer of liability protection.

When starting out in wholesaling real estate, it's important to use agreements that protect all parties involved while ensuring a smooth transaction process.

It won’t be privacy, it won’t be asset protection.

Now, I focus on design and amenities that directly enhance their experience:•Practical Bathrooms: I added a combo washer/dryer to one of my bathrooms because guests coming back from outdoor adventures often need to wash their gear right away.

I’m also looking into self-settled spendthrift trusts to add an extra layer of protection, especially as my portfolio grows.

I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.

Since you are based in California, do you know of any good CPAs who are geared towards real estate investors ?

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

., property management companies aren’t legally required to carry general liability insurance, but it’s highly recommended for protection against bodily injury or property damage claims.