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’m gearing up for my first deal and I have always been highly interested in commercial multi-family.

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.

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.

In the event the tenant refuses to vacate, the legal protection that a signed lease gives a landlord does guarantee the tenant will eventually be forced out but not without a painful, lengthy eviction process.I have lived through a tenant not vacating and it is a nightmare but what I learned from that experience is that it is best to avoid the circumstances leading up to a refusal to vacate. 

There's a few reasons they probably have that in their contract:previously got burned from negligenceknow they are low quality and want to protect themselvesunreasonable professionalsI understand PM firms have to protect themselves but there also needs to be a level of accountability.