The Chicago building practically runs itself with tenants on autopay. 

I understand your point but but strong language like that, combined with the overexaggerate of the news and their storms of the century that actually never happened put out a little bit of a unnecessary fear out there , I get it tho , there’s some truth and practicality to it , I must admit the high insurance costs and hurricanes have caused me to rethink the investment location, but I’m not gonna tuck tail and run in fear quite yet because who really knows if this is the new normal, and even if it is people live and invest in Florida coasts  because it’s Paradise for most of the year and they love it and accept the risk . 

You'll need some practice, and to slide the scrap piece around tapping as needed, you'll also need to replace the scrap piece most likely after a couple hours of uses.- Most annoying - there could be a slightly crooked or twisted piece from manufacturing that you didn't notice and then installed and threw off the whole floor.

@Chris Henry By property is best practice.

Here are some practical steps you can take:First, make sure you have a clear and comprehensive written agreement.

This is proof of that in practice.

So this is a very common business practice across multiple professions associated with the construction. 

Unless you find an attorney that exclusively practices in this area, they won't have that level of knowledge.  

.- Insights on the best practices for structuring these entities for optimal asset protection and tax efficiency.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!

It reminds me of the Gozone Benefits not sure Michael if you were in practice then.. but that was the post katrina And in the zone if you bought new construction for investment purpose or your own use.