Real estate is a fantastic way to build wealth, and protect it, if you are careful and leveraged with how you buy, hold, manage and sell.I agree that when starting, you may be better off with a strong single family home rental.

If you loan today, at highs, then the market drops, then you repay at depressed prices, you’ve protected your portfolio from a loss while selling high, buying low, and adding a rental to the portfolio 🙂.

There is no way you can keep up with all the changing rules.Lease agreement - The lease agreement is the number one tool for controlling tenant behavior, protecting the property, and collecting the rent.

Just make sure you know what you're getting into by going with a FSBO since there aren't many protections in place for buyers if they have trouble closing or have an issue with the property after the sale is complete.3) Stay informed - There are lots of different websites and newsletters that can tell you about new properties on the market, including Redfin or Better Estimate, which I check regularly.

I'm not a lawyer but the LLC protects your personal finances and your other LLCs from that of the company.

If you're going to be successful, protect your reputation by treating others the way you want to be treated.2.

They set up my corporation and LLC's, giving me multi-layered asset protection

Would the property be any more protected if there were an in-state rental or property management LLC while the property is held by an out of state LLC?

I am so over getting hammered by tenants and the laws that protect them….with us taking all the hits. 

Just hoping I can protect myself from the deluge of stupidity.