and you know how they're feeling? 

As a Firefighter and Real estate professionals, I would contact the Tenants Property and Liability insurance provider to cover the difference.  

These answers may seem obvious to you all, but remember-- I've never done this before, so it feels like a huge unknown risk.

I feel I need to protect myself and get the property to be owned by an LLC...But I need STEP BY STEP instructions including how to start the LLC. 

The law also creates a landlord liaison position at City Hall.Effective in six months (I believe this to be July 1, but I haven't found an exact date anywhere.)I thought this was important to share, as many of the local investors I work with in the Kansas City Metro have very strong feelings pertaining to this ordinance, and are making very serious decisions pertaining to where they invest in the KC metro.Let me know if you would like me to email some brief slides explaining the ordinance, or if you want to read the actual ordinance in detail.

However, I feel like this is on Zillow and the money in some account of theirs.

Some lenders may allow it, while others may require refinancing.Quit claim deed: This is typically how you'd transfer the property to an LLC, but only do this after getting lender approval.Alternative to LLC:Consider an umbrella insurance policy, which can provide additional liability protection without the complexities of an LLC.Tax considerations:Consult with a tax professional about deductions available for rental properties.Be aware of potential capital gains tax implications if you sell the property in the future.Estate planning:Consider setting up a living trust to hold the property.

I didn't try to argue with him or further explore the validity of his claims.Few people look at as many on-market investment properties each week in Utah as me, and so I feel very confident in saying that FIG's pro-forma returns look totally awesome for Utah's investment climate.  

Who else feels like their head is spinning by this time in the week??

Feel free to send me a dm