I feel we are encouraging bad behavior and many of these tenants who fell behind are going to leave when the walls of protection come down around them but negotiate forgiven debt and may even walk out with some money. 

It's for the bank/mortgage holder to protect them in case of default or foreclosure.Fannie and Freddie aren't "partners" in your investments.

Best way to protect yourself is to use a title company.

HBR published an interview a few years back concerning demonstrative loyalty of an instance at an international hotel in Mumbai to which employees chose to protect patrons rather than run for their own lives.

How do you protect your clients from making the same mistakes?

Yet this is our expertise - we do it all of the time. 

Remember, they only provide limited liability protection, not accounting/tax benefits (unless you are investing with a non-spousal partner).https://www.biggerpockets.com/...https://www.biggerpockets.com/...As mentioned, many investors just use insurance. 

Especially since that's his area of expertise and he can help guide you a little. best of luck!!

Hello Friends here,
I run a real estate business in California. A while ago I saw a post here teaching landlords how to avoid liability by setting up a company/ the property owner in another state, so the tenant cann...

I've replaced so many of these over the years & it can be an easy job if the pipe runs are accessible or a nightmare if you need to go through walls.The last one was a MF that had a mixture of Galv & 3/8 water Cu lines connected without any catalytic protection so the joints all had severe galvanic corrosion & were leaking.