Taxes aren’t exactly where a Bookkeeping Professional’s expertise lies.

I need to have insurance to protect my investment.  

How can I legally protect myself?

I'm in Vancouver and my area of expertise is in commercial and residential financing.

I would just add to that, when i say jump in the fire always protect your downside and make sure that even if you didn’t get the best deal because of inexperience or an oversight that it doesn’t destroy you.

It was scary at first-we moved here from Ca 6 years ago-but we have come to realize MTM protects the LL.

- is house hacking not a good strategy if you're needing asset/legal protection?

Such services should include:- Creating enticing market listings and ads promoting the property at its best for high demand- Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment- Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

We feel this is the right amount to protect our assets in the worst case scenario.

I also agree with the folks above, an LLC does not provide you anymore protection then a good personal liability umbrella policy.