@Taron Wright Sounds like the agent you are working with is already putting work in for you so he is doing what he can to protect himself if he is going to invest his time to help you clients. 

I haven't talked to an attorney yet, but how safe is it to protect the property in the worst case?

Most investors who buy rental properties put the title in an LLC to protect themselves. 

If you only have one rental property it doesn’t make sense to do an s-Corp. if you have multiple you can have the s-Corp own the llc or llcs for added protection. S

In May of 2019 I created 2 LLC's for asset protection for my properties in Chicago.

The city website states the RT4 district is to promote, preserve and protect neighborhoods intended primarily for 2-family dwellings while also permitting a mixture of single-family dwellings and small multi-family dwellings of 3 or 4 unit.

They'll be entitled to a fixed rate of interest on completed loans.We recognize the importance of this Loan Servicing Agreement and want to make sure that we get it absolutely right for the investor but also as a protection for us.

There’s likely going to be an EPIDEMIC harm to remodelers handling harmful materials, such as cutting hardibacker etc without protection.

In some states, you get more protections as a foreclosing lender than one where it was signed over to you.

As far as I am aware, LLCs are used for their protection, not their tax benefits.If you have any other questions, please do not hesitate to message me anytime!