What can we do to protect against a lawsuit?

News for FLorida STR owners: “The lawsuit “seeks to protect and vindicate fundamental liberties that citizens of the United States enjoy free from government interference” and asks a federal judge to issue a temporary restraining order or injunction prohibiting enforcement of the governor’s order.DeSantis issued a March 27 executive order that blocked people from renting vacation properties during the public health emergency, but he allowed hotels, motels, inns, resorts and time-share facilities to stay open.DeSantis said the vacation-rental ban was necessary to discourage people from other states, such as COVID-19 “hotspots” Louisiana and New York, from traveling to the Sunshine State and spreading the highly contagious disease.

There are other ways to provide liability protection.

I just formed the LLC and plan to transfer the property to the LLC for protection purpose.

LLC is for asset protection which you can keep it in your name with an umbrella insurance policy and get same results.

For instance would 250k of the sale/payment be tax protected if it's done through seller financing?

highlight_post=4860760&page=1#p4860760Otherwise, it really depends on how much liability you have at risk if you want to discuss asset protection. 

Being an asset protection specialist, yes. 

With interest rates getting weird and insurance tougher to engage, this is a must-have protection).I recommend checking on insurance upfront too.

You also need to make sure you are running your numbers correctly and you are protected.