I’m aware that having properties under an LLC is a smart move for liability protection, I’m just not sure which business entity formation would be best for 3 people involved.

Do you have security systems? Do you use signs " Beware of dog "... Or " no tresspass"

. - yes let's see. landlords are only required to serve the notice to tenants who haven't paid, so hopefully the ones who have kept paying continue that way@Matt Devincenzo - i don't think there will be an overnight implosion but the Times article is very valid in that when small/indiv landlords are squeezed and end up selling to corporate developers, it's worse for affordable housing which is what CA keeps trying to protect...and I don't think AB3088 is a great step.

@Charles Stein I believe that "source of income" is a protected definition under MA state law so it may be considered discrimination...

Great endorsement to protect investors from false arrest, wrongful eviction, slander, defamation, personal and advertising injury legal liability.

Which brings up another point I've been wondering about- with a 2nd home loan, does it have to be in my name as a "personal vacation home" or can it still be under an LLC/Land Trust for protection purposes? 

Sometimes it's in your best interest to help them succeed so that you protect the amount owed to you.

We where under the impression that the LLC was more of a benefit incase something was to happen to protect us, she advised us to get  more coverage on our insurance policy or umbrella coverage.

Inspector/contractor/property manager will be the team of experts you will rely on to make an informed final buying decision here. 10) RENOVATE - you must use an airtight process to manage your contractor to protect yourself and arrive at the desired outcome, on time, within budget.

What is the best way to set up a partnership to protect each other.