I'm fiercely protective of my clients and will be the first to say no this isn't a good deal for you.

Geri,Whether or not you decide on LLC/Corp ownership or keep it in you own name, having adequate limits is your best protection. 

I think this is a great way to protect yourself.

To protect myself, I have an umbrella policy versus the LLC. 

If you default, the lender has no recourse / protection (the lender takes back a property with zero equity in it).

The main reason to create an LLC would be for asset protection, and this is attorneys' area.

I've been more than willing to cooperate and draft the necessary documentation to protect their investment, but they have since changed their position/requests several times and are now demanding that I transfer all assets to them and walk away. 

Keep the recourse low-rate fixed structures given properties are generating enough CF cushion to protect against a rainy day or refi with a portfolio loan to get rid of the recourse nature of the properties?

Keep the recourse low-rate fixed structures given properties are generating enough CF cushion to protect against a rainy day or refi with a portfolio loan to get rid of the recourse nature of  the properties?

In MN the Hoa actually owns the lakefront of my property because they want to ensure equal access and avoid any environmental Fines.