Then I took action.I have seen many people come and go in this business and lose their shirts because they just did this wrong, decided they would rather pay for Starbucks, Netflix, drive expensive cars, go on vacation, watch 5 or 6 hours of TV EVERYDAY, eat out for every meal, sit around with their looser friends and drink beer and more - instead of getting to work, if you treat it as a hobby that is what you get.

He says the Series LLC is hands down the best way for asset protection. 

I was referencing a recent interview on Vlad TV on YouTube:https://rb.gy/m3pot

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

There was even mud on the TV console.

There is another option though which is the Series LLC or Delaware Statutory Trust for California investors.

Here's a good rundown of the advantages/disadvantages of both: https://www.biggerpockets.com/blog/s-corp-vs-series-llcPersonally, I think an LLC makes much more sense and that's what the large majority of real estate investors use.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Another Comp:For $798 a night says10 guests · 4 bedrooms· 6 beds · 3 bathsBedroom Configuration– Bedroom 1: King Bed, TV, Sleeps 2 (Downstairs)– Bedroom 2: King Bed, TV, En-Suite Bathroom, Sleeps 2 (Upstairs)– Bedroom 3: King Bed, TV, Sleeps 2 (Upstairs)– Bedroom 4: (2) Twin Beds, TV, Sleeps 3 (Upstairs)– Living Room: Queen Sleeper Sofa, TV, Sleeps 2Reviews: (abbreviated)"A few upgrades to house could be done but it was very spacious for our group of 8""Wonderful place!

It is not like it is on TV or the movies and the judges that hear eviction cases generally hear hundreds/thousands per year.