Best way to protect yourself is to run them like a business, maintain your properties and get an umbrella policy.The LLC and trust will provide some anonymity, but any good lawyer will find you.http://www.nolo.com/legal-encyclopedia/do-living-trusts-protect-assets-creditors.html*Obligatory - this is not legal advice.

I know familial status is a protected class, and if this was 2 adults and 2 kids, it's a no brainer what should happen.

It's not that the umbrella is actually protecting your net worth - like, if you have $2m in assets and $2m in coverage you'll never have to pay anything out.

I am curious about the need for a property manager in these situations as the tenant would also have equity to protect...would that negate the need for professional management?

I want to make sure I protect myself before investing in the rehab.ThanksMatt

Failure to do so negates the corporation, and in the event of a law suit, the asset protection of the Corp disappears.

The purpose of us starting the PM company was more to protect ourselves than anything to do with bogus accounting.

If not, FHA on the first and protect th cash.

I get that it is for my own protection and compound interest over time has been amazing for my 401k but it just bugs me not being able to access my own money when I see fit.Thanks so much for the comment.

You have to protect against that.Other than that, I would call more than just your broker.