What are the typical ways that a seller protects themselves in an owner carry?

If I buy the house in California under a LLC, would the house be protected if I personally get sued or if I ever declare bankruptcy? 

That said, there is some additional liability, where having a business entity *could* protect you in some instances.

Also benefit from the tax advantages, improvements costs, LLC protection, and start depreciation now?

They have been tenants for a year and we also felt we had to check on legalities to protect us. 

A license for a real estate agent or property manager is for people that earn income/commissions by acting on the behalf of another person to protect and progress their client's interests. 

One of the major benefits of an LLC is asset protection.  

There are ways to protect yourself (A code that only they know that you can verify was used to break in).

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

Looking for a solution to this specific issue, as I already have general asset protection using both LLC and insurance strategies.