We all mitigate risk in our investments and returns are very much risk related as we know so for MF deals to be paying what had been very high returns the investors need to understand your taking some risk compared to other investment vehicles. 

Being near light rail is good or any of the parks. 

., several missing railing spindles, a fist-sized hole in one wall, and new carpet for a small section of the living room).

Identify the vehicles in the parking according to the units. 

That being said STR is still a great investment vehicle, but more stringent and conservative underwriting should be adhered to.

They indulged in luxurious residences, high-end vehicles, and extravagant vacations, all while their investors faced mounting financial losses.

It is important that my umbrella policy cover vehicles for reasons that are not important.  

Like a trust.LLCs do not open some magical door to more tax deductions.I tend to recommend LLCs where the properties are located, but then those LLCs are owned by a Wyoming multi-member LLC.But if you think that you can skip fixing that loose railing and hide behind an LLC when the tenant is injured, you'll regret it.

Now granted that has gone off the rails because I have decided to change our focus because my end goals changed, but doing the exercise helps create the path to walk and figure out what the next steps are.

They are really good and once/twice even suggested finance vehicles I had not considered that saved me money.