—-For liabilities generated with the properties themselves, typical liability policies plus an umbrella of a couple million is more than sufficient.....even though I know attorneys and others Love to recommend complicated structures, that they get paid to set up/maintain.

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

Thanks for the input, the facility is well maintained with rents to below the standard.

The purpose for providing tenants with a packet is to have them maintain the property for their convenience and to set the tone that a plumber won't be coming every time they clog the sink or have a slow draining tub. 

Can I deduct interest rate, HOA fee, and other cost to maintain the house from my tax?

Tenant shall maintain property in good condition. 

Here is a graphical diagram to help you on some of these questions and quest: So, another perspective would be to apply the "Asspro rule of 2%" (© Costin 2018) - the cost of setting up and maintaining your asset protection should be less than 2% of equity you are trying to protect.

ask him at what age does he want to retire, or is he the work til he drops type of guy.2. trying to pay for, rehab & manage/maintain properties as a husband & wife team is exponentially more difficult when you have little ones running around.

Situation:There is a home in my neighborhood that has been unoccupied for approx 7-8 years but has been maintained (landscaping, taxes paid, etc) minimally and so is not noticeably so.

My car insurance would pay but I have a $500 deductible which I really dont feel like paying because this wouldnt have happened if the property would be properly maintained.