However, if it’s not necessary for liability protection, you might avoid the headache altogether and just beef up your umbrella insurance policy.What’s your take on this now?

Expect, to only get about 8% (or lower) of the properties you buy redeemed.If you pay close attention to the type of property, and do research to protect your interests, the percentage does jump up to about 30%-50% on the properties eligible for two year redemption.

If it is returned in full, the pref equity will receive their accrued pref before common equity receives their accrued pref + share of profits.So, common equity has "unlimited" upside but really no downside protection.

The big one to read up on is the NYS Housing Stability and Tenant Protection Act of 2019. 

I have a few I have my eye on that are perfect and under 900k.Clairemont is also a great area!

And what kind of protection are you referring to?

That's a way to get both anonymity and liability protection.

Your development deal will look much like a flip in the eyes of the IRS since it is 6-9 months as well you'll have the short-term side of taxes, not the capital gains taxing on it.  

Generally speaking solid insurance and a good umbrella policy will provide ample financial protection for most liabilities.

I think this gives me good asset protection and allows me to take advantage of leverage.