An ammonia solution cuts the cigarette tar and neutralizes the smell, but it's not fun to work with (protect your skin and use a respiratory filter). 

I was just curious as to what other investors are doing to protect their properties as they are building.

Like do I give up some asset protection because it is setup that way.

You needed to have a better system in place to protect you from this situation.Going forward make sure your property manager does a solid job selecting the next tenant.

Typically, these are pretty balanced to protect both parties.

Note, even if insurance pays for all the damage your property suffers, you still lose.

Should i cash out refinance before doing asset protection with trusts and LLC's?

I think, currently anyway, that investors are shifting/protecting their wealth by buying in better-insulated cities like Raleigh/Durham, Charlotte, Greensboro, Austin, Dallas, Columbus, Indy, and anywhere else where there is job growth, population growth, property values are undervalued/affordable and they can find either cash flow or appreciation.So, to answer your question, I think the strategy is to continue to buy in these markets when the numbers make sense and not sit on the sidelines waiting.

The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.

The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.