You realize the if your tenant owes money to collections for bills unpaid, a car accident lawsuit, etc. part of your LLC could be taken to pay their debt? 

And what do you stand to lose if (when) things go south and you get crushed by one or more lawsuits?

But in case of lawsuit, it will be heavily scrutinized and may break your protection.

Setting up an legal entity requires more than just the shell company name but you will need legal docs in case of lawsuits.

He touched on some points of why you anonymity is important for us ( for legal reasons for example if people are thinking to pursue a lawsuit and then see an MD after your name that may become a financial incentive for them to pursue it... it did make sense to me however having an LLC and trying to get a loan in the LLC name can be challenging from lender standpoint ... that could be a special challenge for us)

And the docs and agreements should shield the title company from liability... but that doesn't prevent being made a party to a lawsuit. 

As embarrassed as I am to say it, I hadn't even thought of the risk of a lawsuit. 

Two of my properties are not cash flowing, one due to renovations, the other due to an eviction lawsuit.

If there is a lawsuit, the insurance defends the entire team.

I had my attorney research who the beneficial owner of the property across the street was and then he was sent a letter threatening a lawsuit if nothing was done to resolve the issue.