The way to win in real estate is to buy good assets over time and to never be a forced seller or a forced buyer.

Ideally, I would love to keep the rental properties but the possibility of losing these assets is of great concern.  

💡✨ Share your favorite financial tip or lesson that's guiding you through 2024.

., the first step is fully separating your personal financial accounts from your property financial accounts.

If it is a large amount and you know they have documented income/assets, then it might just be better to sue if the tenants are not paying back.

To be honest, and not parrot this REI is financial freedom dream. 

You're LLC can be sued, but your personal assets are shielded from things pertaining to your rental, so if you are collecting rent on Venmo to your personal account there could be issues.

Before diving in, make sure your mortgage allows for owner-occupied multi-unit properties, understand local regulations, screen tenants carefully, financially plan for potential costs, and have a clear exit strategy for managing the property in the future.

Are you offering multiple assets at once, i.e. you own or are under contract for say 40 units, which are spread across 3 separate assets?  

Those two questions help me filter through the random, and sometimes contradictory, opinions here, and elsewhere for that matter.What I have found, as a general rule, is the people that are in the planning stages, ie, they don't actually own anything, are the one's pushing LLCs and "asset protection plans" that border on the insane.