It is literally one piece of paper and a 1-line addendum, but the purpose of it is to protect your deposit.

My question is if something happens with a tenant and they decide to sue will my personal assets still be protected since the loan is on my personal record. 

Then how do we protect ourselves and what does the due diligence process look like?

The recent eviction ban further reduces protection for landlords.When getting a new tenant, would you negotiate for additional terms to protect yourselves financially?

However, there were a number of "consumer protection" laws that eventually made this practice untenable.

I have most of my leases expiring in May and June...would love to get everyone’s thoughts on how to protect a new lease agreement given the state of everything and how hard it is to evict someone.

I say 10 because you have a job serving and protecting us; if you didn't have that obligation, I'd say 40.

The top tier holding company let's you transfer money from the property management company to the holding company so that if you get sued (either the property or the management), that money is protected.

They shouldn't panic, but you never know.Finally, make sure you build in protections for situations where the covid-19 crisis might impact your ability to close.

I believe hiring an attorney is worth the cost to protect you.