Hey Will,As a PM in the area:-have a lawyer look over your lease-make sure EVERYTHING is in your lease (who replaces air filters, who replaces smoke detectors batteries, who cuts grass)-be thorough with background inspections-make sure tenant is aware (and is in lease) on when fines occur for late rent and how much they areThose are things that first come to mind.In can be expensive and time consuming to set it all up the first time and do it in a way that protects yourself and your investment.Let me know if I can help in any way!

(see below)Above tenants have destroyed our bathrooms due to constant nasty toilet water damages.. and constant noise violations have caused my family to suffer from sleep deprivation.

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.

It also gives you some extra protection and tax incentives as long as you set it up properly.That said, you can certainly work just in your name to start.When you're ready to setup your LLC, do your homework. 

The number one reason for holding properties in an LLC is for liability protection.

What is the best way to protect myself?

Hi everyone, just wanted to reach out regarding a question I have about asset protection. 

My point is that for every established business that gets a sizable Prop 13 tax break there is another that doesn't get it at all, and yet another whose landlord gets the tax break but considers the savings profit rather than something to be passed on.There are only two types of tenants that will suffer from Prop 15.

The state owns this, More likely On cases like this ,it means The county or state used it for witness protection or maybe someone that works for like a Jail facility . for protection.. 

The banks will NOT care about potential equity, as they are only concerned about protecting their investment.