Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

When you buy,how do you protect your investment, other than the formal agreement? 

LLCs are for asset protection, another phone call you should be having with an entity attorney.Gino

The thread went off the rails when someone suggested subsidies of of compassion for idiots confronting known risks with no protection on their own.So excessive rain is a known risk of hurricanes.

I do this actively networking with other investors, sharing content on sites like Bigger Pockets and Think Realty magazine, and building relationships with referral partners like wealth managers.Finally, you have to have the best people working with you from your lender partner, to your property inspector, to your property manager, to your insurance partner, and asset protection and business attorney.

The more we can learn about them, the better chance we'll have of protecting our investment.

In single family real estate you do this by choosing an investment that will perform and then using insurance to protect it.  

Hard-wired smoke and CO are the responsibility of the landlord, and in reality, the batteries are too because you are protecting your property from fire.

I don't see how the LLC will offer you any liability protection in this scenario.

No need to have it all figured out—just be open to learning.Your Situation: Losing a job is tough, but you’re smart to protect your credit and explore benefits.