This structure helps ensure that if one property faces a lawsuit, the other properties and their income streams are protected.

Quote from @Tessa Booth: I’m planning on doing some Black Friday shopping for some tools/gear to use for doing some rehab work.

Also, I actually have an REI meetup set on my calendar for this Wednesday so I'll be sure to kick the networking in high gear.

I think my attorney is giving me a little more, like audit protection or some such.

In the same agreement we see that this protection period is only for 30 days- so that means on day 31 we can sell to a buyer that saw the property assuming we have a new agent/listing, correct?

A lot of people think they are protected from lawsuits with an LLC.

How much more protection are you really going to get from combo lockset & deadbolt?

It protects against claims that would affect the buyer's ownership. 

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.