I might look into an under layment that provides odor protection or something to that effect.

I have asked about using various entities as a strategy for liability protection or tax savings and he has pretty much poop pooped the ideas as not being cost effective.

just curious is the trust idea for asset protection or estate planning ?

moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower). 

I've been doing some research online and reading over every relevant thread on this forum regarding having a holding company and operating company system in place for asset protection.I already have my operating company that's an LLC in which I am the only member.I would really appreciate it if you guys could clear somethings up for me since there's a lot of conflicting info on this and I want to make sure I can set it up properly:1) When I create my holding company LLC, should I add multiple members (ie. myself and a family member) for any enhanced asset protection?

The landlord may enter the dwelling unit at any time for the protection or preservation of the premises.

I’m going the LLC route but also want to see my local options (if any) for anonymity and inside/outside protection, or if I’m gonna have to contact out of state sources like Wyoming anyway to start the umbrella.

Again, they could be doing it for liability or asset protection or to better share the property, or because some guru told them they needed an llc.

Does anyone know if this would offer additional protection or if I'm better off separating out the short-term rental into its own multi-member LLC? 

But the loan itself, and the recorded mortgage note are a form of asset protection, as there would be little equity to protect in the case of a lawsuit and left after a forced sale if it gets to that.The other mentioned scenarios still apply (personal loan then transfer to LLC triggers DOS with all the possible problems; proper insurance is the first layer of protection, umbrella insurance second, proper property management is third and you should have those well established before more complicated asspros).Here are some diagrams that might help you further on this quest: Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection