Truth is, I would have accepted a cash offer discount of 5%, maybe even 10% with the right ancillary terms, just to protect myself from the current market uncertainty (and many sellers will accept significantly steeper discounts than that for cash offers), but someone forgot to tell these particular buyers that 100% financing doesn't afford them any bargaining power.

In general, the formation of an LLC is to protect you personally.

Hello everyone;
I hope everyone is doing well and staying safe. I have a question: My management company of my rental homes is offering me landlord protection insurance. Is this a good idea or not?Also if it is a goo...

If there any special protections in term of insurance that is needed with a pool?

Think it through, war game out what all the traps you think could happen are, and prepare for them in your legal docs with the other person to protect yourself.

Summation:  There is no protection for property owners from the appraisal industry where there are clearly people who want to control the price of properties and hold the keys when people are trying to buy or refi properties. 

The amenities may be basic but the service should be class-A.have a worldview that is empathetic to poor people- ie they don't believe that poor people are poor because they make bad life choices; actually RESPECT THEIR (D-neighborhood) TENANTSdoesn't have the unrealistic expectation that low credit score tenants will respond to incentives designed for tenants with a credit score to protect and sets payment policies to promote desired tenant payment behaviors for low credit score tenantsprefers to achieve goals by eliciting cooperation instead of the exercise of power;communicates clearly and directly (even on 'awkward' topics like money and complaints about 'peculiarities')likes to solve problemsHaving said all that, I would still recommend B neighborhoods if you can afford it because of appreciation (and as @Erik Whiting said, exit strategy) .

There's not enough equity to be worthwhile in a lawsuit.If you get sued, the LLC will protect you from losing your personal assets, but ultimately you would still lose the house within the LLC if you lost the case.With an umbrella policy if you lose the lawsuit, you keep the house and the insurance simply pays up. 

Poor kid--where is Child Protective Services in this mess I wonder.Maybe the door handle and lock set are salvageable if they didn't hit them with the ram?

My wife is selling land titled in her name, we want to 1031 the proceeds into a multifamily and own it through an LLC for liability protection.