A tenant left something on the stove and went to check on her child in the bath, and a fire started on the stove.

It’s what I do with my wife and our newborn. :)Best of luck!

Especially, if there is a new child born. 

My aunt died and left her home to my cousin ( her only living child)  The house was willed to my cousin.

At age 29 I found myself supporting a wife, an ex wife (child support) and 2 kids on food stamps and working for minimum wage.

I’ve always done everything solo; only child, only really ever been into an individual sport (motocross), continued that pattern into adulthood with crossfit, an ‘Individualist’ profile type on Predictive Index, pursued music for 10 years because hip-hop was something I could get started alone… One of the same reasons for starting out in wholesaling real estate over 5 years ago (along with having no skill set, no money, and no other options, but those are for other posts ha!).

The new coverage is the same (through Farmers agent but not provided by Farmers), but a different provider.I was at $2.8K this year for $5m coverage without covering our child. 

(2) In addition, each Eligible Tenant who is 60 years of age or older or who is disabled within the meaning of Section 12955.3 of the California Government Code, and each household with at least one Eligible Tenant and at least one child under the age of 18 years, shall be entitled to receive an additional payment of $3,000.00, $1,500.00 of which shall be paid within fifteen (15) calendar days of the landlord's receipt of written notice from the Eligible Tenant of entitlement to the relocation payment along with supporting evidence, and $1,500 of which shall be paid when the Eligible Tenant vacates the unit.

I am sharing snippet of the relevant section from the Fannie Mae Servicing Guide (section D1-4.1-02), so both sections are can be found in this topic - emphasis on the LLC part is mine (Title is the direct URL link to the entire section on Fannie Mae Servicing Guide).Fannie Mae D1-4.1-02: Allowable Exemptions Due to the Type of TransferA transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toa relative of the deceased borrower (or, in the case of an inter vivos revocable trust borrower, to a relative of the individual who established the trust), as long as the transferee occupies the property;the spouse, child(ren), parent(s), brother(s) or sister(s), grandparent(s), or grandchild(ren) of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust), as long as the transferee occupies the property;a spouse of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust) under a divorce decree or legal separation agreement or from an incidental property settlement agreement, as long as the transferee will occupy the property;an inter vivos trust (or, if the borrower is an inter vivos revocable trust, into a new trust) provided that the borrower (or the individual who established the original inter vivos revocable trust) will be the beneficiary of the trust and the occupant of the property and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the property.a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.

Parent child LLC setup is good setup for asset protection or not ?