Asbestos and mold is a lawyer manufactured crisis.  

A lot of BP'ers will tell you that LLC's when you first start off aren't worth the hasle if you are a single investment and don't actually provide you with any real Asset Protection because any compentent lawyer will be able to "pierce the corporate veil" and then you will be personally liable for any lawsuits that result from your business.

As far as lease writing goes, you can find a basic one at a stationary store (or online), but you will want to have a local lawyer go through it. 

I'm contacting a lawyer now to be precautionary.

Oh and raising the rent exorbitantly in order to force a de facto eviction is a terrible idea as your lawyer is going to tell you.

You'll need to find a good bank that understands what you do and create an enterprise account that work with that (plus you'll need to do it in accordance with all NJ laws).PM to Landlord Contracts - You are going to need a lawyer who understands property management and can write you a solid contract to have between you and your prospective clients.

It seems that this would help with personal asset protection, and forming and transferring property would seem to be more difficult after the fact.Also, any recommendations regarding a lawyer who could help me with this step and others would be appreciated.Thanks,Dan Brown

I wools hire a lawyer to make sure you can get them out legally.

I have personally thought about doing this, setting up a C-Corp with my family to act as a board of directors, and own each new investment property as a separate LLC, it sounds good and probably works well but lets talk about some other concerns.Firstly while most lawyers myself included could probably help you navigate those 3 points above, if you are seriously considering the umbrella company strategy I think it would be prudent to search out a skilled asset protection firm.

I assume “it generally depends and I should talk to an REI lawyer”, but generally interested in how other people are approaching it?