It's not so much to protect you once you got sued (since even with an LLC you'll still have to hire an lawyer and incur defense costs)(plus you can get sued for whatever reason, and you'll still have to pay to defend), but to discourage and make it harder to even start legal action against you, and to make it harder/improbable to collect if it comes to that.Now, looking at those setlements in the mold cases, a small fish hit by that is probably no longer an investor and member here...so I don't think we'll hear any "got sued and lost it all" response, but I still hope a bigger shark might share some from his/her survivor experience and how insurance and PUP/LLC/Series-LLC/Corp/Trust/LandTrusts/EquityStripping protected them.

When you have word for word in writing with a signed and notarized statement versus verbal the protection level tends to be higher.Anything open to interpretation can be challenged by the IRS down the line and people should have a strong defense to prove what they have been doing is allowed and correct.No legal advice given. 

With the kind of equity you'll have coming out it's also not a bad time to be looking at some defensive investing and allocating your proceeds strategically to lessen your correction exposure. 

The order covers all evictions other than those related to tenant actions that imminently threaten the health or safety of others.González intends to introduce legislation Monday that would allow tenants to use the pandemic as a defense in eviction court.

This was great because I could tell girls at parties I was going to be a rocket scientist...3 years in, switched it over to industrial engineering when it became clear to me that the aerospace industry was dependent on defense contracts and jobs were getting hard to come by. 

In my defense,  I had a 40-60 hour a week "job" and some rentals...

While insurance is a good first line of defense, it is not conclusive.

I do not.While I'm keenly aware my taxes support our national defense and infrastructure and gladly pay those, far too much is squandered on nonsense.

Most folks are just rrying to weasel so support is defensive by default. 

It is to prepare you for the inevitable and create a Defensive position.It is calculated using Rent.Example: $1,000/month rent - set aside $50/month for CAPEX, $50/Maintenance & Repairs, and $50 for Vacancy.