Many people form entities to hold property with a false sense of security that they are immediately shielded from liability - then later start commingling personal funds, failing to update corporate paperwork and blurring the lines between personal and business matters - all things which erode the LLC protections. 

That's obviously false, hasn't been true in decades, BUT if the loan officer is getting their information on guidelines from the water cooler rumor mill....For our annual "continuing education" requirements that in theory should help with this phenomenon, we don't have to pass any test at the end. 

My concern is that the renter might wish to retaliate against me by posting a false negative review about my business on Yelp. 

I believe this to be false.

Originally posted by : @Brandon SturgillRead This: https://spark.adobe.com/page/2IZfFQSPCMZOr/  The majority of the statements in this article are sadly false. 

Attempting to view real estate as any other investment and use a financial calculator to provide a result may only give a false sence of security.The practice of real estate is an art as much a science.

It could also be that your marketing is attracting too many false positives so fix the marketing rather than get a license.John Corey

Don't be lulled into a false sense of safety and make bad or reckless decisions knowing that you will NEVER have to lower rents.  

There are also penalties for filing a false lien.  

Come on Greg, you know better than to make such an absurd statement.