Corporate leases under corporate names as well, I still take lots of caution, name of the game is knowing who is in there to protect your investment and quite honestly the community around you.

As a result, it suffers from some of the same issues the Midwest does as a whole, and for the past few decades has not seen the same kind of growth as other parts of the country i.e west coast and sunbelt.

You can protect yourself from potential liabilities without an LLC  by purchasing an umbrella policy.

Hey Jessica,I have house hacked a condo in wicker park and I do still collect security deposits and go through all the normal processes just to protect myself.

Nearly every State's contract has a section for special instructions to lay out terms, add extra documentation etc.The "one pager" contract has its place, but I use the State contract 98% of the time because it offers excellent protection to both seller and buyer, is easy to fill out, and is what everyone is used to seeing.

It allows you some protection.  

Would love to get some feedback on what they could be and how I should protect myself going forward.2.

She doesn't.By rejecting her application, you are protecting yourself but you're also protecting her from getting into a financial situation she can't afford.

However, for just yourself, I personally don't see a reason for the limited liability protection, the primary benefit of a LLC.Good luck.

During times like these and what everyone saw were companies, no matter what industry, protect their losses on their P&L statements.