From my understanding, this creates several "layers" of legal protection. 

If you have mortgages on any of the properties, check to make sure the bank will not enforce the " due on sale" clause. changing the deed and ownership over to an LLC. will trigger that because they consider the property " sold" then.Depending on the state laws where you invest, having all the LLC's under a parent LLC does not offer you the protection and may still be considered as one entity for all the properties and can be touched.

From what I read, starting an LLC is the best way to protect my assets and well as give me tax advantages.

As far as what you can do to protect your self is to stick with the fundamentals.

Buy in your own name and get some umbrella insurance if you're worried about asset protection.

We put a lien on the property to protect the $5,000 through Franklin Escrow, LLC. 

Each of these professionals will have a fiduciary duty to protect your interests and the best are worth every penny.  

I plan on purchasing my next property this year by doing a cash out refinance to conventional loan on my current property and using the cash to purchase my next property with an fha loan.I've read that it is wise to incorporate each property as an Llc for asset protection as well as open bank accounts for each property as well.My questions are:At what point is it best to incorporate a property?

He signed into action steps to repeal the things Dodd Frank was set up to protect.

I have to consult with Consumer Protection Agency  folks to find out if I can deduct the unpaid utilities from their deposit but I think it is illegal to disconnect the utilities.