In a world of options, how can we narrow it down to the quality ones that aren’t raping pockets, and protect the future?

Your attorney will be needed for your asset protection/contracts/ entity structures. 

The rates are usually broken down by rating factors such as Location, Fire Protection, Age of dwelling, type of vehicle, etc.

You will still have to guarantee the loan personally, but the LLC will have the loanWhen operated correctly, the LLC provided limited liability protection for your assets.

I know to be protective you would need some form of entity, but are deals done around the country without forming an entity? 

Hello BP Real Estate Attorneys, Tax Professionals, Attorneys,What is the best "tax-optimized" asset protection strategy for a California resident who owns several rental properties in Ohio, Florida and Georgia (and does not own any California property)?

This also protects you from buying somewhere and then finding employment 1 hour away which would be kind of miserable.

If the building is not properly run, net operating income will suffer and that puts the loan payments in jeopardy.My advice for a lot of reasons - 1) to get financing but even more importantly to run the property properly - is to partner with a more experienced MF owner investor.

You don't need an LLC to protect your asset because property insurance will cover any losses and if you are worried then increase your insurance by another $2 million.You need some sort of accounting system e.g.

We made the decision to get an LLC then and now we are more protected.