So if you've got a considerable amount of equity in the operating properties, you can essentially strip the equity out of them, furthermore protecting your assets.

I don't like it when the actual topic of the questions is a "tape" and not the loan or loans, which are the real assets.  

Appreciate the response but my question was very specific - not about asset class exposure or portfolio diversification.

Control freaks go for owning the asset and don't like to be part of the crowd or the group.. those that want to hand everything off and let someone else run it.. those are the types  and ( personality types) that like the group approach.its all rosy until it isn't  :)

The property is fake (not defined) with an asset class I don't own or manage in a county where I don't have any property available.

Scenario - Purchase a building for $70,000Initial improvements $25,000New value $145,000Refinance at 75% of $145,000 = $108,750 mortgageThe problem that I am running into is that I am showing an long term asset value of $70,000 + $25,000 = $95,000 but an offsetting long term liability value of $108,750.  

In Ontario they take half a months rent for commission I believe (could be wrong about this).In terms of moving the tenants in and out for an out of province property I'd consider installing a lock with a passcode you can change digitally, that way it's as if you have a permanent lock box on at all times & you can ensure security by changing the code from time to time. 

I currently own a house with my fiance and would like to diversify my assets into real estate as most of my income/assets is linked to financial markets. 

I have only looked at LLCs as asset protection at this point and didn’t fully understand I could use it that way.

It is good business practice to manage your liability so it may not infect your outside assets, such as your personal residence.