As a long term, buy and hold investor, should I hold title to the property in an LLC to increase asset protection or is having an umbrella insurance policy enough?

Joe,Do you use a Statutory trust to get asset protection or a simple land trust?

Is it just personal and asset protection or is there more?

So does using the LLC but signing with my name add any real level of security/liability protection - or would the LLC most likely be pierced in the event of a lawsuit?

So, a more conservative $400/mo for maintenance and vacancy.So after that, we've got $1,200 coming in.Less expenses:Principal and interest ($63,000 financed at 7%): $419Management: $193 (for the sake of argument, a more conservative number than before--see note below)Insurance: $65**Cashflow: $523/moGives plenty of room for your more expensive asset protection or the best painter in town.

Here's a question for those people with LLCs - do you recommend creating a LLC for EACH property for protection or is it just better (or easier) to create one LLC and group all of your properties under?

My thoughts:Damage Protection:Goods: The total cash paid by the guest at the time of the booking is less. Makes your property more accessible (at least on the surface).Bad: Has a cost which is not used most of the tim...

DSCR doesn't offer any liability or anonymity protection, other than the fact the loan note itself is a form of asset protection (because there is usually little to none equity in the property to take from the owner).Here are some graphical helpers to assist in the quest of answers on this subject: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

I think my attorney is giving me a little more, like audit protection or some such.

Most LLCs are set up for liability protection or similar non-tax reasons, and especially in CA, the penalties for "non authorized" practice of law are steep that a lot of CPAs will not even form the LLC for their clients.