From my interpretation a single member LLC(if operated 100% like a business) should afford you the same asset protection rights as an S-corp.S-corp is also a "pass-through" entity...so his counter argument should be null there.If someone is going to go sue you - they don't look whether or not you filed a tax return.Again - i'm a CPA so I wouldn't take legal advice from me.You should get back to the EA if he knows personally anyone who was sued personally for an act that his/her LLC did

I really think you have to make an assessment is this a banker/bank I can grow with or if I do this it will have no real benefit long term.for me banking is critical to my operation..

I operate my own REIA group and I have people contact me all the time for that exact reason.Happy InvestingDerek Dombeck

I daydream about retiring early and being financially independent, but I know I have to front load my efforts in the next 10 years or so to reap the full benefits later on.

I do ask guests to strip the beds of lines and pile dirty towels and linens on the floor, to take out the trash and to load and start the dishwasher.

Is there a discrimination concern or a procedure or exception(s) to follow in order operate as such? 

I’ve been listening, learning an taking notes on how this business is done an I’m on the road to becoming  a landlord an learning how to run this operation correctly.

I deal with more protection for my business since I'm a contractor but this seems a bit overkill.Carrier: ScottsdaleSix-Month Premium: $1179.5625% minimum earned premiumCoverages & Limits:Commercial Property: $125,000 Building Limit – Special Form excluding theft; $2,500 deductible; Replacement Cost Coverage; 80% CoinsuranceCommercial General Liability:$1,000,000 each occurrence; $2,000,000 aggregate limitProducts-Completed Operations Excluded; Designated Premises/Project Limitation included.Conditions: All subs must carry equal or greater limits of liability naming insured as Additional Insured, hold harmless contract in favor of insured, with Certificates of Insurance.Thank you in advance for your consideration.

I have an investor that wants to off load his portfolio and has active renter in them.

Second you must learn to operate your business as a business.