It has occurred to me that the velocity believers actually somehow believe that the world of economics has been altered, and paying 4% interest to pay down a 3% mortgage is somehow profitable.

I have been to a few of them personally its really something and the folks that own them are under the radar and make MILLIONS.

I would never own rental properties in my personal name.

If this is the case then typically you only have to comply when you make alterations.2.

@Jorge Liang Closing the loan under your personal name saves about $1,200 in lender points, but transferring the title to an LLC later comes with costs and risks.

When you say "income is taxable to the person that earns it", are you talking about the information on the w-9 provided by the employee, as the person who earns it?

Remember that for most owners, their business is very personal to them.

You will be personally sued along with your LLC.  

I'm willing to help this person in any way I can.

You are correct they handle by PM company liability I have prudential personal liability.OK, yeah, and they (Coterie) doesn't offer commercial umbrella insurance (or personal) so I was concerned you might not be covered correctly.You have a personal liability umbrella through Prudential?