Other matters, like your asset protection or business structuring, can be done with somebody else.

We are living in the main front house and renting out the ADU to a tenant.My question is, other than having landlord insurance on the ADU, a solid lease agreement, and a 3rd party management company as intermediary to help manage repair needs/requests (my partner and I both work full time jobs) and showings when the unit is vacant, is there any legal entity protection or other avenue that will protect us further in case of a tenant lawsuit? 

Hi members after doing refi in a BRRRR can we transfer ownership from self to an llc for asset protection or does that require another refi?

So my question is, if we don't do that side agreement and left the property in our name while the LLC runs all of the rental operations, would the LLC still provide us with asset protection? 

The state owns this, More likely On cases like this ,it means The county or state used it for witness protection or maybe someone that works for like a Jail facility . for protection.. 

@Terri Haley - do you only use simply safe for water heater leak protection, or also for security? 

AG,The coverage you mention "Personal Injury Protection" (or similar name) is an additional coverage which extends the Liability under a Homeowners or Dwelling Fire policy to include coverage for Libel, Slander, wrongful entry, etc. 

The answers on licensing and entity selection are dependent on the state where you are doing business.First thing, you gotta know the law, both state and federal, related to lending money on property in the state where the property is located.As for asset protection or tax liability, don't take advice here. 

Basically, I want the most efficient way of dealing with moving money around within the LLC without doing something stupid to shatter my liability protection or mess up my books.Thanks for any advice!

Without a security deposit you have no protection or at least a cushion to bridge the gap if/when they default or trash your place.Personally I would hold off for a better tenant apllicant.