Asset protection is a hotly debated topic, and attorneys have zero consensus.Series LLC only makes sense when you have multiple properties or multiple businesses.

As I understand your objectives, you want a commercial real estate asset that will produce income for you.

I would feel better if all of my assets were under one umbrella. 

One of my original preferences is for there to be city utilities instead of private.

If the 2nd feels the seller has enough assets, then they either want a personal note signed or a pay down prior to closing so on the HUD they only net the $5000.  

Know exactly what an asset can/should be.       

@Paras Gupta if you can't use the equity in one of your rentals to finance the new acquisition, or find a partner, another option is an asset based lender like Lending One, Lima One or several others.

Preferable a reliable company that has reasonable fees.

- Any preferred lenders?

Hello Sara,My best advice - do not over leverage the asset - meaning only take a loan up to 50 - 60% of current market value, therefore if the market does tank and your loan comes due, your not stuck with an asset that has very little equity and unable to refinance.