Our goals are mostly cash flow right now.I'm looking to learn more about different investment strategies, how to identify good properties, how other investors structure their asset protection (LLCs vs Trusts vs Umbrella Insurance) and stay updated on trends in the market.

Like borrowing from a relative (ok well sometimes they fault but still..) or friend.Getting to know the person first before jumping in to do business with them, especially handing over money of that sum to acquire a loan in my opinion is doing due diligence for protection.

So I have a question about asset protection. 

If it would, we get our extra set of maintenance guys and start knocking out the work to get them re-rented again.Potential pitfall- Takes longer to sell than the time frame I'm stating.Course of Action- As a measure to protect you, we could enter an agreement that if it takes longer than 6 months to sell all properties and return your funds plus profit, we are charged a penalty of some sort....we pay you an extra 10% on top, or something along those lines.Potential pitfall - Something happens to (xxx) or I and we're stuck with the workload.Course of Action- May want to consider getting life insurance on one another for this specific LLC.

Keep in mind, the buyer's agency agreement is designed to protect the agent.

If you have all accredited investors a PPM is not required.Understand that the PPM is protection for you as well as full disclosure to the investors.  

I cannot say if you should move your rental to a legal entity or not, but I can say that a legal entity if properly administrated can offer you additional personal liability protections. 

Hey BP,I'm assembling my team and starting an asset protection plan.

They are key to keeping legislators up to date on things that impact our industry and are protecting our interests.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.