Have a $500k-$2m liability insurance policy on each property and if really worried, also put them in umbrella policy as well (I did this, I was worried)Liability is lower for “mom and pop” landlord so under 4 doors, statistically lower risk.After 4+ doors, do LLC.At 4+ doors would be hard to argue you aren’t running rental businesses and should have accounting structured as a business as well as gear up liability protection.NEXT QUESTION“Should I put every property in an LLC?”

Anyone can argue that the lenders wouldn't lend on over valued properties but they didn't really have much skin in the game. 

I would argue that there are deals out there just like Shawn said.

We can argue all day which strategy will net you more money but who would be right and who cares.  

Tenant first argued his neighbor's hose was connected all winter but they don't have any problem, then tenant claimed the hose was disconnected.  

But what I would argue is that it makes no sense to be upside down on a property in general.  

There was no arguing with the city over it.

I have testified as an expert witness for condemnation cases and have seen property owners argue the potential of what could be developed on the land. 

Mortgage brokers on here will argue that getting the cheapest rate on your mortgage will save you so much money, the fee they charge to be in the middle is well worth the cost, but in an environment like the current housing market, which has touched roughly the entire US, where you can throw a dart at a rate quote and get under 2%, mortgage brokers aren't worth the cost.If things tighten up and banks really start raising rates, that answer could change.

Just like hiring a lawyer to argue a field sobriety test was improperly performed or a contract had a certain out in your favor isn't "taking advantage of" criminal or contract law.If you are feeling guilty about not contributing "enough" to society based upon your own arbitrary standard, donate what you think you should pay to whatever causes you support and where you'd like that tax money to go.