THIS IS WAY TOO LONG. this document is critical to a wholesale investor because it is what protects us from any dishonest sellers/buyers cutting us out of a deal. i do not want to know what it feels like to lose money on a deal just because i couldnt get this figured out. 

While LLCs are often promoted as bullet proof asset protection devices, I don’t quite feel they are quite as good as advertised.

If you want to be extra safe, buy umbrella insurance and it will provide even more protection for very little cost.

I feel we are encouraging bad behavior and many of these tenants who fell behind are going to leave when the walls of protection come down around them but negotiate forgiven debt and may even walk out with some money. 

It's for the bank/mortgage holder to protect them in case of default or foreclosure.Fannie and Freddie aren't "partners" in your investments.

Best way to protect yourself is to use a title company.

And this isnt the time , with material costs up sky high and labor in short supply even the big players are having problems with supplies . 

HBR published an interview a few years back concerning demonstrative loyalty of an instance at an international hotel in Mumbai to which employees chose to protect patrons rather than run for their own lives.

How do you protect your clients from making the same mistakes?

Remember, they only provide limited liability protection, not accounting/tax benefits (unless you are investing with a non-spousal partner).https://www.biggerpockets.com/...https://www.biggerpockets.com/...As mentioned, many investors just use insurance.