@Dustin BurkeWhoever you look for training on and spending money I would run a background check on them for prior lawsuits and criminal history.

This is probably a better way to self-police this unregulated industry more than lawsuits as very few of us would ever do this.

I had a really good buddy who was still jammed up via lawsuit because though he maintained separate finances the courts viewed him and his brother and the LLC as one in the same because everything in the business was signed by himself or his brother.The best thing with an LLC is the TIN you receive and after 2-3 years of operation your business can hold debt versus yourself or giving personal guarantees.

A series LLC starts to make sense when you have multiple properties to protect each one from possible lawsuits against another.You don't need a tax ID, just your social when you do your taxes.

3.) do I have enough evidence/case to stand on if tenants decide to file legal security deposit lawsuit?

I could understand not making crazy improvements but druggies can file lawsuits too.

Lets say 5 properties under 1 LLC, something happens at 1 location and tenant decides to file a law suit they can come after everything within that LLC.

Luckily, I took pictures of the insurance company's PREFERRED CONTRACTORS handling the asbestos abatement with no masks, no gloves, eating food inside the rental unit and the insurance adjustor promptly dropped the claim against my company.Always be beware when you get an insurance company involved for mold and asbestos cross contamination lawsuits.

Class action lawsuits.

It can prohibit the money from being used for other things such as can not be used to pay for court ordered fines or lawsuit settlements or divorce proceedings, including attorneys.