With all due respect, BP does not vet brokers.

I do respect their data guy, John Bianchi, though. 

If you sell two properties at, say, $700K and $300K respectively, then you can either combine those into a single exchange and buy at least $1M of replacement properties OR you can split them and have one exchange trade for at least $700K and another for at least $300K

I totally agree and had he listed 'prepping caulking and taping house exterior' as a separate 'project' and 'painting house exterior' each with its own separate respective labor quote, I would then consider.However since he and I have discussed the CSLB limit time and time again, yet he still had the nerve to just simply list (on a spreadsheet) $500 labor for painting the house alone, and handed me the sheet with a statement that my compensation is not 'fair', the long and short of it is this person who I consider a friend, isn't any longer a viable handyman for law is law, business is business, and fair is fair.Note: had he quoted something like $400 or something for painting house, I would be glad to negotiate with him (ie, maybe he was under the misunderstanding that $100 would be enough for paint) but he didnt. 

For example, they might want to know things like your credit score, just to know whether some loan programs are worth mentioning or not.Just be respectful of their time and you'll be fine! 

I respect it.

If you do it anyway, then you must accept that you will probably realize a loss because those people will not respect the time, money or effort you put into a rental property and will just think you're a greedy bastard. 

Treat your deserving tenants with respect and you may get some back!

There are quite a few action items  most real estate investors fail to implement that are far more helpful with respect to asset protection than merely creating an LLC.

@Kai Sato-FranksNot sure if it’s worth taking such advice blindly and at face value.With all due respect, the only guys who get rich in this episode are “investment gurus” like Ramsey or Kiyosaki etc are the gurus themselves.