I was wondering what kind of insurance (coverage) we should try to get to protect ourselves against any potential litigation as we don't think that setting up a LLC should be the way to go for now at least?

So when I first became a biggerpocket's member I asked a question in the forums is REI worth a divorce.. my question is now how can I protect my two vacant lots on the lake that i just purchased since August now that it looks like divorce is for sure coming.. for the past couple of weeks she would leave during the day so I could be able to educate myself with watching podcasts or reading books or driving for dollars etc.. she's been gone for the past three days and nights and I barely heard from her. when I said something about why is her stuff still here if  she wasnt going to come home she said that she would come pack it tomorrow.. well I just got done packing it tonight and I'm wondering if there's a way to protect my investments.. the whole marriage i have been the one taking care of both of us and its been horrible every since i got laid off from working in the plants in west texas.. i was trying to hang on till i could atleast get a post nup signed but now it dont look like that is going to happen.. i was trying to make a better life for the both of us and now it looks like my REI days might be done..

This Software can generate the legal declarations renters need to qualify for federal protection from eviction at least for now until the moratorium ends.

Also, this protects your fee since the buyer can't buy the property until they own the LLC and,...this makes your fee invisible in the transaction....and in REI if you try to put your foot "through" the door instead of "in" the door, much like in real life, you're likely to break it.

It is just part of how people protect the fact they are doing a job that doesn't get them paid until closing...

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!

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?