I sure hope that you have more than a couple million dollars worth of assets you are trying to protect, otherwise you are likely wasting your time and money with a LLC ... in this case as an alternate I have three words for you: umbrella insurance policy.

This income is then tax-deferred under the umbrella of the plan, just like when your stock portfolio increases in value in a conventional plan. 

One of us has high W2 income in a lawsuit-prone job, and we will also invest in a good umbrella policy.My plan is to have one management/administrative LLC to start off.

You need an insurance agent that has some familiararty with businesses.I always carried an umbrella policy.

I have insurance on my properties and an umbrella policy as well.

I  buy several million in umbrella insurance on top of landlord insurance, have tenants buy renter's insurance and use licensed contractors only.With the LLC, for most people it would be single member or a couple, they'll sue you personally anyway under the "alter ego" theory.

CPA is an umbrella that lets you do 99.9% of everything an EA does, but also allows you to do financial audits as well among other things.  

This will allow you to place each of your properties under an umbrella LLC.  

You can also have an umbrella insurance policy to be there in case of litigious events that go above and beyond property and auto insurance caps.

In addition, I am also looking for a good insurance company to purchase an umbrella policy.