Interestingly enough I've never known anyone who has actually been sued in 40 years of operation.

In many such areas, the operating expenses will always outpace income unless you're an expert on such areas and renting to low income, which it's almost impossible to be when investing out of state. 

That would clarify what you are trying to achieve.LLC with a good operating agreement.SyndicationREIT fundEach one has an increasing level of complexity and reporting requirements 

In MA minimum of 20" x 24" operational panel. 

It makes no difference as to how the rest of the world views risk as they do not operate my business. 

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

Operating under an LLC can also lend a professional image and help keep your personal and business finances separate.However, there are some downsides to consider.

Another issue I've seen, which you should look into, is MANY property managers operating without being properly licensed by the state.

To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.

Hey BiggerPockets Community,
I'm thrilled to join this vibrant community and connect with fellow real estate enthusiasts!
I'm delighted to introduce myself to this dynamic group of real estate enthusiasts! I'm Gil ...