I have an idea I want to present to you for advice and guidance.

Can anyone give me guidance on this matter? 

The idea would be to take the full depreciation year one, sell it the following year and 1031 the gain into another property.Thanks for the guidance!

Just need a little guidance here.

I would very much appreciate the help and some guidance.  

Given the correct guidance, I am confident I could save you money/ find you a deal, that would be worth having me around. 

If you own a rental or two and can't sleep worrying about someone suing you then you might look elsewhere than any real estate investment.That said you can add many layers of protection.Individual LLC's for each property help by a master LLC held by a Trust etc to give you layers of protection.Insurance is your first line of defence, an umbrella adds another.Having properties mortgaged makes them uninviting to an attorney that may want to see if you have any assets worth taking.You can consult a Estate planning attorney for guidance on different strategies.If you are risk adverse you might want to look else where to invest your money.

Any information or guidance would be helpful. 

I would be happy to continue the conversation if you need more guidance.

So here we are with some family/friend contacts in the area that could help out with some minor things but we could use some guidance on the bigger items.