I know that everyone is oversold in putting their asset on LLC, but there are some strict rules you have to follow to actually get the desired asset protection. most of the small business dont follow unintentionally. 

You broke the first rule, Calvin.

As a general rule, you want to use an S-corporation.While liability concerns are an issue, that is not the main reason I am saying to use an S-corporation. 

They tend to be a little more lax with their rules and requirements. 

One rule of thumb I always tell agents is to speak to your broker or agents within your own brokerage.

For instance, one property may meet the 2% rule (monthly rents = 2% of purchase price), but the owner may be paying a lot of the utilities.

Some of the tricks I use which are totally legal is the grandfathering NFIP rule or built in compliance.

Some even have some old rent control rules grandfathered when it comes to tenants speeding their lifetime in a place.

Look into de minimus rule as well.

Assume roughly 1% rule for these.