There are even escrow type companies that will collect monthly payments and pay underlying mortgages to ensure buyer is protected as well.

More often than not, property managers have clauses in their contract to protect this from ever happening to owners.

You have to find the right balance between making attractive offers to buy deals and protecting your investment.When I purchased my first 4-plex, I saw 3 out of 4 units prior to making an offer.

An LLC is more about protecting your other assets legally if an issue arises.

If you go with a straight loan, it's going to be expensive in points but protect your equity.

Most contractors will take the appropriate measures to protect the materials on site and the only project that may be effected by snow would be replacing a roof.

This allows me to stay in my area of expertise but still have the business running smoothly. 

Yes, it offers you some protections. 

Without the experience, industry knowledge and expertise, you might find yourself frustrated by the property leasing process.

This will provide similar protection without the operational hassle's of an LLC.