Need help

[Joseph Brown]

Currently purchasing a multi-family dwelling that we intend to rent indefinitely After weighing the LLC vs Personal Umbrella Policy debate I was leaning towards the umbrella for this first unit. I just read the 10 rules of Land lording and one that caught my attention was "Don't be the owner" We do intend on self managing (at least this property) Does anyone have any suggestions for not "being the owner" while the tenant is writing checks to your personal name? Is there a way for a person to operate with a Dba without a entity? Or is it worth setting up the LLC? The property is owned outright Our long-term intentions are to secure more properties in a variety of strategies but mainly to hold/rent long term There may be some rehab work to get properties up to standards. My fear is that the LLC will hamper future leveraging opportunities Is this real?