They are buying a company, and that company has real estate as an asset.

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I was of the understanding that the LLC only protected your personal assets from liability if the LLC got sued.

You have three choices.S, C and LLC.It will depend on the business, the assets, if there are employees, what employee benefits you want to set up and the administration.I agree with the advice to consult a professional.

I am also involved with my very first "Short Sale" and experienced alot of upfront concerns with getting someone in that department to talk with me.One of the keys is to make sure that the person that you are tryig to buy the home from provides the lender with a "Letter of Authorization" to speak with you regarding this property.

i assume you're single - KEEP IT THAT WAY for a few years.buying a personal home low and fixing and selling (in my opinion) is a great way to start out.it makes financial sense and is low risk asset protection wise...u buy in your name - get a 10 year arm - some nice interest only loan for 10 YEARS (see a mortgage broker) and be out of there in just over 2 years...if you can't sell it right away - you've got 8 years to move it.make renovations nice and stream-lined.

They have no incentive Actually, asset managers are rarely fired for making decisions.

Since you seem to have significant assets already, you will want good legal advice on how to structure your rental/investment business so an irate tenant doesn't try to take your existing assets.As far as continued high appreciation, I think housing prices are right about where the NASDAQ was in February 2000.

I'm thinking about opening an LLC in Nevada or Wyoming, for asset protection.

The LLC won't really affect the loan, unless its several years old and has its own assets.