Most of you probably have and that is what a is called a trigger lead.

The plaintiff's and insurance company's attorneys seem to know the drill - which is that the case will be settled for under $20k.Have been told this amount is cheaper for the insurance companies than challenging the plaintiff's claim and going to a jury trial.In our opinion, this just encourages desperate tenants AND personal injury attorneys to file frivolous claims!

It's definitely something you should consider pulling the trigger on

The manager by action or inaction could be sued directly or in addition to the property owner for a tenant or guest being injured.There is an additional liability extension called personal injury or landlord personal injury that picks up the liability for a situation such as being sued for wrongful eviction or violating fair housing in some way.

For me that triggers it's too late... 

I've been wanting to do this for a while, but haven't had the courage to pull the trigger to start doing it.

If so then moving it to the LLC is not a big deal, but if you have a mortgage, then you might trigger the due on sale clause which will require a refinance and possibly more down depending on equity.It sounds like you might have overcomplicated the situation but operating as an LLC but holding the property yourselves vs in the LLC.I have never seen that kind of situation before.

Since you can't escape CA LLC registration, if the property is based here, and if you are a resident here, may make sense just to form a CA LLC and simplify your life and your costs.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I'm in the middle of a live and flip so if you want to talk house hacking or construction happy to answer any specific questions.A few resources that might be useful for you given what you're looking for, I know they've helped me:The Book on Estimating Rehab Costs by J ScottThe event and meetup forum here on BP for finding IRL events to go and meet other local investors and soon-to-be-investors Setting keyword triggers here on BiggerPockets for things like Denver, House Hack, etc so that you don't have to go out and search for the information, the information can find you!

And I am ready to pull the trigger as soon as I can find that next property.Anyone have suggestions for finding an agent in the Charlotte, NC area that is willing to work with a newer investor ready to purchase their second rental property?