What might be some ways I can protect myself so I don't pay a high price for simply investing at the wrong time?

They exist for everyone's protection.  

Customer service is truly lacking.  

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

Form your company as a type of corporation to protect yourself from any financial problem.Like I said, I am 59 years old and I found BP about 8 months ago and I am still trying to decide what I want to do.  

My question is, does the fictitious name need to have LLC on the end to keep the liability protection?  

Your money helps protect against the lender taking a loss and makes it less likely that you will walk away from the project.

Just pick a type of a corporation that will protect you from financial failure.  

Hello,I'm looking to build a 12 unit apartment complex in Bay City TX and had a question on setting up a company. I've set up 2 LLCs and have been told one needs to set up an LLC to hold the assets and a different LLC...

This should help protect your personal assets.