So you then want your entity protections (LLC's) to be put in place to be the next line of defense.

But when spmeone comes up to me with a chip on his shoulder, well then my reaction will be defensive.  

In defense of the prior painter, the University of Florida's colors are....Needs paint, but looks pretty good. 

I had to spend $18K to prepare my defense and file a counterclaim against Kevin.

@Willie MoralesIn defense of your lawyer, look at what actual mortgage and loan documents say.

To their defense now S8 in Houston is on a bi-annual inspection, which should help some.

But if you go with core/satellite portfolio construction (i.e. most of your investment should be in things that are conservative, with a smaller satellite portion in riskier things) then I think this is a great core holding.2) hard money loans: when underwritten conservatively (65% LTV or lower, no judicial-only states, first lien, etc), they can be a very good defensive investment in the downturn.

But it would not be defensible. 

Now in his defense I'm choosing to assume the best and view this as accidental vs intentional.

Kimble, I use home warranties as my first line of 'defense'.