If you are independently wealthy or have a boatload of equity in the property buy an umbrella policy, otherwise I wouldn’t bother With an llc.And of course....These words were typed by a non-lawyer saying what he would do, now what you should do. 

Get a  nice profile pic (like an agent does), but don't be too professional looking otherwise you look like an agent (although all agents are female)..Look lie the average wealthy Joe, flipper.State what you are and do.

I have only known George for about 6 months now but his books The Wealthy Code and The Bankers Code are incredible! 

Virtually no one is becoming 8 figure+ wealthy off of rental properties.

For people who have to ask this is true, but very quickly commercial loans are going to exceed even wealthy GPs...

But, wealth is made from cash flow in rentals. 

Tough to get wealthy using this approach.Think about your goals. 

The issue with TK is that when you only cash flow $100-200 per month you are inherently putting yourself in a financial strain in the event something goes wrong.Being able to only net $1,000-2,000/ a year is making everyone else wealthy except the actual investor/risk holder.

Wealthy individuals who live off of cash flow, beginner syndicators, family offices, REITs, foreign entities.

In trying to protect the average investor, they're also preventing them from having the same access to investments as those that are wealthy.