(b) (1) Except as provided in paragraph (2), this division shall not apply to a depository institution, as defined in Section 1420, a person licensed pursuant to Division 9 (commencing with Section 22000) or Division 20 (commencing with Section 50000), a person licensed pursuant to Part 1 (commencing with Section 10000) of Division 4 of the Business and Professions Code, a person who is subject to the Karnette Rental-Purchase Act (Title 2.96 (commencing with Section 1812.620) of Part 4 of Division 3 of the Civil Code), or a trustee performing acts in connection with a nonjudicial foreclosure pursuant to Article 1 (commencing with Section 2920) of Chapter 2 of Title 14 of Part 4 of Division 3 of the Civil Code.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Check this quote from the article below."

Thumb up for the article!

I found a pretty good article here on BP about what is known as a Delaware Statutory Trust (DST).

This protects you from someone coming after your assets by separating them and it gives you the benefit of pass-through taxation.Here is a quick read that lays out the pros and cons of forming an LLC:https://www.biggerpockets.com/blog/real-estate-llc-not-best-option

This article goes into why you likely will want both to protect your assets.Best of luck!

@Bryson Jacob Erickson check out the article I wrote for BiggerPockets "The military is the best job for real estate investors" https://www.biggerpockets.com/...

This article covers some good questions to ask a potential lawyer.