If there is a lawsuit the LL will always be named because everybody knows we are loaded-right? 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

In a non-judicial state, the courts are not involved unless there is a lawsuit.

This works like a cash out refi loan but its really a purchase loan.For all three options above :- Buying in the name of an LLC adds an additional issue or risk (Its a new rule and not applicable to me so check into it with your broker)- Condos and HOAs could prevent approvals if the health of the HOA is questionable or if there are several Rentals in the community already, existing lawsuits, budget concerns, or too many units owned by the same entity. - Ask your mortgage broker to verify your refi plan before you go ahead and buy anything you plan to refi.  

I have SFH located in south Louisiana. Around a month ago our tenants started complaining about it being hot inside the home with condensation and potential moisture problems. We had an HVAC tech go out and check on t...

Very new to this - so hopefully my question isn't too elementary :)I have looked at a few homes to buy with kitchens in the basement, set up for a Mother in Law suite.

This way if an investment goes bad or a law suite for some reason or another is targeting my father they can't touch whats not technically his.

Next step if he tries it again is a lawsuit, falsifying a lien is a crime.

In the event (God forbid) someone decides to sue your LLC for any reason, your registered agent is the first person informed of the law suit -- and it can be quite handy if that person happens to be your attorney. :)

I feel like that's the wrong answer...but I also feel like buying a 3bdrm townhouse for cash isn't prudent either (aside from making me a target for a lawsuit - lawyers love an unencumbered asset).Should I form a corporation/LLC or other legal entity?