I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Depending on how well the property is run and the rents. 

I will of course also have an attorney approve and give feedback as well. 

I'm in Texas as well (Dallas area) but we don't work with clients that have rentals in NY so we wouldn't be the best fit to work together but more than happy to chat for a few minutes.

They also have my auto insurance, and I took out an umbrella policy with them as well.

If you desire to pay her rent than oh well, but try to tell Well Fargo or the Nisssan dealer its hard to pay your note and see if they let you keep the asset.

Are those just for labor or also assuming material expense, as well?

Well now everything was sold and closed escrow Sept 7th…and I’m still trying to get my money.

It wasn't easy going through applicants being that its Atlanta & it's a lot of people applying from other states as well as people that don't reply or want something for nothing.

The books explains the steps you need to take extremely well and I have been able to glean a lot from the book!