If you bought the property in your name, it still want protect you if someone sues you by putting it in a LLC.Joe Gore

To be quite honest with you I wouldn't solely rely on the lease to protect you in times of trouble.

Protect and prepare yourself financially, because you know how this will end.

I’m going to say this, there are a lot of moving parts and every deal is different so just be sure that you are protected and do not spend money out of pocket if we can avoid it.

You will need to divest yourself as owner in order to protect it from your creditors.I am sorry to hear about your problems.

If you budget for expenses and vacancy correctly and still have cash flow then fluctuations in the market shouldn't really bother you... if you're relying on equity, a market correction would hurt.Not to mention that people big in asset protection would say you are better off having little equity so there is nothing for someone to try to sue for.Just my $0.02.

@Mitch Dowler Chicago had it added to the protected class list so it is now a Fair Housing Violation.

Is there a contract to put in place to protect myself as I proceed to look and take down these properties that fit his criteria?

should or can you buy insurance on the house to protect your investment??

Thanks @Steven Hamilton II It seems that we would then need a good insurance policy to go along with the partnership, since we wouldn't be getting the liability protection provided by an LLC.