It’s a legal question and unless you’re an attorney you’re not supposed give any legal advice.So, this is not advice coming from me but it’s what I found on a legal website.

Far too many people set up an LLC and think they are completely anonymous and that their personal assets are protected but the truth is many of them (maybe most of them) could be vulnerable.Why do all the attorneys have an LLC (or multiple) for their property?

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Have a title report pulled and close through escrow or an attorney.

I would check with an experienced attorney in your state.Good Luck.

Currently, I have a new tenancy-at-will agreement that my attorney has reviewed and I’ve decided to ask this tenant to sign it.

@Kirk WatkinsPartnership entities have so much flexibility that you can literally allocate income/losses in anyway shape or form.You just need to find the partner to agree to the terms that you want.You would then need to find an attorney to draft up the operating agreement/partnership agreement.

I've researched the web for a quality residential real estate attorney in the Milwaukee area and unfortunately my search has turned up little to nothing.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Developers typically build for 9 caps break even and after long term capital gains, real estate commissions, attorney legal fees, etc. they tend to sell for a 5.5 to 6.5 cap for a 200 basis point spread.