How to protect an apartment complex
I've been looking at investing in a small apartment complex, probably anywhere from 15-30 units. Anyone with experience in apartment complexes, how do you protect your investment? One separate LLC for the complex?
I have also been looking out of state to accomplish this since California is more expensive. I would plan on having a property manager company handle most of the day to day. Any out of state investors who have done this that can provide pros/cons?