An LLC protects you "some" if you have large amounts of equity in properties, for instance.

It is just as important as the rental home you purchased.This Industry has to do with legal issues, and many lawsuits, and if you don't have the best to protect your investment, then you won't be in this business very long.I know, it seems silly to think that by investing in a financial software program verse Excel will make any difference at all, but it truly does to the person you want to borrow money from.

My Property manager and one of my tenant had some sour relationship and the tenant complained Dept of public work now I got notice from them See attached imageNow my question is How can I do self evaluation on  my own to counter their charges.If these charges are valid, can I give 30 day notice to tenant to move out (Tenant is on month to month lease) so I can fix the issue, this tenant has also complained few times in past too.Any do and don't in such case

I looked deeper and it says that the property needs a 2 car garage for it to pass as a duplex.i just wanna know if I’m protected to keep renting it out.

, but whatever amount it is, I feel it is my duty to keep it invested in a way to absolutely protect the principle, and only use cash flow (rather than equity) toward my own other investing. 

and you will be protected in all markets.

If its a sheriffs sale property going up for public auction at the county courthouse then you will need to do a lot of research and I wouldnt suggest that route until you are well informed and prepared. 

Knowing how to budget and protect yourself is very important in real estate. 

(Though, I’d be curious to know how you later learned about the fraud cases - perhaps you should not explain publicly.)

Ya I was going to say this is right up there with tax evation and other ways to screw the govmit.. dont' get caught no big deal get caught and you will probably wish you had not.. plus its just not fair to the investing public..