One mechanism of asset protection is an umbrella insurance.  

Remember to add a unit above requires design of the structure, footings, foundations, etc.Pm me if you have more specific questions.Good Luck.

To use an analogy, a mechanic shop isn't going to teach you how to repair your car. 

Hi BP community,I am new to BiggerPockets and thought it'd be good time to introduce myself, cause I will be here for awhile;) My name is Jarett Tigges, I live in Albuquerque, New Mexico and currently attend the university here studying Mechanical Engineering (I graduate in May).

The site plan is currently under review and so far no design issues.I own the entire lot right now and will be selling each of the 6 lots to the new home buyers so they can obtain their own construction loan.  

3 - How to design a Plan, and not "get distracted by shiny objects" while following it...and, House Hacking to REFI out of it, isn't what I'm talking about. 

The LLC can work to avoid probate of anything it owns by designating a beneficiary or a preferred order of heirs as a part of the LLC documents.

I wanted to share this article...IR-2018-206, October 19, 2018WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits.

There is a design overlay (a) that allows for 50% bonus density for projects that voluntarily submit to a type III design review (not sure what that entails).

And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...