However, this was done with financing from a primary home I purchased, money we both received from a bad car accident and a refi of one rental purchased with the car crash money.

Fire, death on the tenants GOD forbid, accidents, etc are insurance covered , better than relying on LLC.

It would take a smart lawyer about 14 minutes to trace back to ownership of the out-of-state entities to the California LLC and then all of them would be liable for an accident that happened in any of them.

Lesson learned--I'll never leave my car running again.9 signs are up now (technically 10, but one was posted upside down on accident and I couldn't fix it).

C-Corp's are not as horrific as you all are making them out to be.

Then, we have a personal umbrella that covers our stuff (so if we cause a massive car accident, they won't sue us because they think we're worth lots of $$$ and make us sell our rentals, they'll just go through our personal umbrella), and a commercial umbrella that covers our rentals (so if we have a major loss with a claim higher than our liability, the umbrella kicks in up to an additional $2M in liability).Hope that helps.

I'm against tubs, harder to get in and out of, more accident prone.

@Matt Katsaris I listed my car on Turo as an experiment and whilst I had some book requests, I just couldn't get over the possibility of them getting into an accident in SF city....

I got the idea of a journal from the book Think and Grow Rich by Napoleon Hill, which I discovered by accident when I was in my twenties (pre-Internet) and regularly browsed the personal finance section of the local bookstore.

Not really an economical route considering the randomness of "pet accidents" Dogs and cats will be able to smell it even if you can't and think that's the spot to go.