The entity you select can impact everything from how you're taxed to how you protect your personal assets.LLCs are often the go-to for real estate investors because of their simplicity and flexibility.

Quote from @Alvin Sylvain: I don't know of any special protection afforded you by placing the property in an LLC.

Take your time and find one that you like and has good protection.

I agree 15 years is not a long time but what is occurring is jurisdictions then pass laws to protect the low cost housing.  

What's my best strategy here to protect myself and to assist with this connection?

Pay special attention to #4 and #5.An LLC is useful for two things: anonymity and legal protection.

Turns out, those special rules for 1031 exchanges in Oregon.. things like navigating tenant protections and timing constraints.. aren’t exactly set up to make your life easier.

He is well protected I'm sure.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.