As with any system quality install and regular preventive maintenance are required. 

We want to put the equity to use, but prices and interest rates are preventing any decent profit from the rentals we can afford.   

Furthermore, there was a greater emphasis on preventing the claim or incident from occurring in the first place. 

This would prevent newbies from being misled believing made up data that they found on BP.   

If documented and performed they will prevent or mitigate your exposure.

. ($85k) The ONLY thing preventing the loans from being accepted is the square footage of the house. (500 sf) Everything else about the house passes with flying colors!

Dont know your total situation , this idea may suck big time , BUT , if this prevents a major hit on your credit or a bankrupcy , you still have a roof over your head and it gives you time to regroup . 

Setting strict lease terms can also prevent issues.

As long your debt to income ratio isn't preventing you from borrowing more money, buy a rental and use the extra money you earn from that to pay down the highest rate mortgage first. 

I've yet to have anyone on BP articulate to me how an LLC in one of these states perceived to have greater privacy protections will prevent a plaintiffs attorney from suing the deed holder in the event  someone is injured on your property amongst the various other common claims a property owner is subject to.