A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC and being able to sue you directly.

@Tatyana Rimar the reality is that most of the things that can go wrong with an investment property can happen whether the property is OOS or right in your local market.

I appreciate this down-to-earth and honest reality check.

My gut says they won't as they have probably been through this before with other property owners/managers based on how they act and they probably know they are getting a solid deal but sometimes it takes laying out to snap people back into reality. 

Long story short, not all Real Estate Agents are created equal and may promise things from a property that aren't reality!  

I have seen so many run in, to hit that wall of reality, to then just give up and run away feeling destroyed. 

Local help-financial/legal will go a long way to turn it into reality.

This will be an adjustment for most everyone reading along on BP, but it was an inevitable reality that is now coming to fruition. 

They've discovered for themselves that most of these negative ideas don't correspond to the reality on the ground. 99.999999% of them have had nothing to do with drug cartels and have been just fine and want to go back at the first occasion or don't even want to leave.

The reality is you pay the exact same rate for the entire loan.