The earned income must arise from the individual’s personal services and the personal services must be a material income-producing factor.

That way, should a liability issue arise, the most you should lose would only be the properties / equity in that one LLC.Your S-Corp should be the owner of the LLCs along with a revocable trust which replaces you as an individual - your entities should be owned by each other, not any human person.Your S-Corp can then pay you using the "salary / dividend split", usually a 1:2 ratio such that one third of your compensation is subject to payroll deductions / taxes and the remaining 2/3rds is taxed as ordinary income (no SUTA, FUTA, FICA, workman's comp., etc.).Your tax attorney should be able to explain it.

I'm sure more questions will arise, but this is where we are started.

Sure they whined, but I told them to contact their insurance broker - - of course they didn't have one currently, but they learned they were penny wise and dollar foolish.I had no consequences arising from them (other than the fire itself).

Looking to expand now, and will need to have access to fresh capital for cash deals when they arise, I am now looking for a line of credit.  

We like to travel and have a list of vendors we trust that can handle issues that arise when we are gone.

Tenant issues arise at all property values.

The PM that i'm dealing with there has been amazing and on point in terms of dealing with any issues that arise or with Detroit inspections.

If you are in a market where  market rents do not rise every year you are in a poor investment market and should consider selling to invest in a market where your profits are not declining annually.If you are a hobby landlord you consider your tenant first when determining whether to raise rents or to supplement your tenants rent by a rising amount annually.If you are not raising your rents annually or are not able to raise your rents annually you are devaluing your investment and losing money.

Will a good answer be "Someone on a forum said that I could do it", or have the CPA you had assist with you handle any situation that arises.