An LLC is a good vehicle for many businesses, it might be applicable to RE, I know it's been done quite a bit.Consult with a Lawyer to make sure everyone is protected and you are covered for these cases. 

Buy undesirable wetlands, marshes, and DEC protected lands that could be sold for pennies on the dollar.  

It’s not a lot of security as between your second position and the first, there isn’t much equity protecting a default 

You will need to balance the legal protection benefits of an LLC (an attorney's question) against the cost, because CA will make you pay $800/yr just for having the LLC. 

Lots of great info, I've gotten a lot out of it.I analyze deals all day long, so if you're looking for a fresh set of eyes, I'm more than happy to chat.

If you want another set of eyes, there's a company wegolook.com where they will send someone to take pictures of a property.

He helps out with the trash and keeps an eye out, so I was cool with leaving him alone while I concentrated on the other units.It was okay till I finished renovating a couple of the other units and created storage and laundry in the basement, where their studio apt is.

Account Closed My eyes were opened after reading the Creature From Jekyll Island. 

Colombia is already checked and I have my eye on Haiti for my next one. 

How do I protect myself for properties that I have mortgages under my name?