Smell the carpet, especially if small dogs.Figure out what you can do to better weed out high maintenance tenants, annoying is not a protected class.

Can I/should I dilute my liability and protect my properties by forming separate entity to manage my own properties?

Thanks so much for the informative response, Ned.I've not heard of RESPA before, good to know there are already protections in place for this sort of thing.Also interesting that you mention the title company is also liable.

If they were everyone would be rich.In terms of unit mix, the more units in a building the greater protection against vacancy loss, however the more units the higher the priceIf you do not have 20% to put down odds are that you will have to use FHA financing which is only available for owner occupants.Where I live I could not get a good cashflowing property in an area I would like to live, so I buy in more urban areas.

Although I can't do anything about how they look inside, I was wondering what the best way to protect them from water damage?

As for Derek's BP picture, he hasn't thought about Child Protective Services citing him for being too thrifty to buy his kid a stroller and hauling him around in a wheelbarrow.

Whether you chose to transfer (and how to execute the transfer) the property to you personally or an entity is an asset protection decision that you have to make with your legal and tax advisors.The LLC option would allow you to receive the tax benefits just like it was in your name if you DO NOT elect to be "an LLC taxed as an S Corp."

Joel is 100% right about protecting yourself and your real estate assets.best wishes on your educational journey

The job of police and prosecutors are to protect society from folks like that.

I have been struggling with some of the finer points of wholesaling lease options, there are many details involved.What Brian understands that a lot of people don't is all the work that needs to go into these deals as far as working with an attorney/title company, an RMLO, and protecting yourself with the new Dodd Frank act.