I have so far not had a vacancy (could happen soon) and only a small cost for preventative maintenance (tree trimming), so I am actually doing better than the bottom line Cash on Cash indicates - which is calculated as the annual NOI/Total Out of Pocket

The primary purpose of the LLC is to limit your company's liability to the company and prevent a judgment creditor from attaching your personal assets to satisfy a judgment against your company.Many people think an umbrella insurance policy is enough.  

@Jesse T.The tax hit is really what has been preventing me from doing this. 

Then ask if the structure is adequately insulated to prevent freezing of the plumbing in there. 

Under contract prevents the end buyers from going around you, at least for the contract period. 

It almost makes me feel good (context of the conversation prevents that).  

To prevent lawsuits, do things to prevent people from getting hurt or killed on your property:-Inspect your properties regularly for trip and fall hazards, fire hazards, and other safety issues. 

Little house LLCs for asset protection cause more harm than prevent. 

It will push up your costs but prevent a claim you were not expecting.

Systems will go into place to prevent repeating errors, and repeating what was successful, 1) Purchase price too high.