I understand I may not have the same borrower protection rights as I would if the mortgage was a conventional loan, and I'm not going to have my bank put a stop or hold on the payment, I just thought it was strange.

Offer to have your attorney draw up a note and records the loan to protect him.

Opening an LLC at first in my opinion would depend on the type on investment, like is it highly leveraged or do you and your wife have a lot of assets that you need to be protected from this investment.

Anyone who listened to him is probably more protected than your average joe.

Landlords, I recently received a quote from Turner Pest for Termite Protection ($22 monthly) and Pest Control ($30 monthly).

You can be kind, supportive, and understanding, and still protect your investment. 

STAY SAFE AND PROTECT YOURSELF!! 

And protecting the profitability of the project is solely the job of the developer, attorneys, architects (of which I am one), and civil engineers have other expertise and incentives.Otherwise, in most of the states where I have worked start with either a civil engineer or an architect.

Our township desperately needs housing (but like all townships stop short of providing it) ... a moratorium however, has put that burden squarely on their shoulders by temporarily delaying any protection investors may have had in order to provide such... which results in us as LL's definitely not allowing any applications/Tenants to move-in to vacant units ** unless certain new criteria such as below are met, in the middle of an eviction moratorium.

This is downside protection.2) Security Deposit: In the event of eviction, the landlord can keep the security deposit as collateral for one month's rent.