I don't mean to be argumentative by asking these questions.In my investigation of the whole "legal protection" issue, I keep running across those who say (sometimes those who have something to sell me) that, if you don't keep your assets in various vehicles, then the person is likely to sue you as an individual and get anything and everything from you including your personal home and cars, etc.  

The message said there were 50 cops outside the apartments with shotguns and military vehicles and they were screaming at everyone. 

This is just another reason to use a Solo-k as your retirement vehicle instead of an IRA.

You're totally correct in that people have an inflated value of their property - whatever that property is: vehicle, house, boat, shoes, CD collection, etc. 

Many people here seem to think that LLCs are dead on arrival vehicles for legal protection in a lawsuit. 

You own property where vehicles sit on the water.  

Also @Selina Giarla , this is just for your consideration , I know one CU that has 10YARM "Movable" product that their ARM is always have spread of negative 50-75 bps compare to 30YFRM.Currently they have:10/10 40 Years APR 6.440% Payment per $1,000 $5.77 30YFRM 6.875%APR: 6.892%Payment per $1,000 $6.57

What cash-flow, if any, you plan to generate from this property.If you are short on cash and/or your rental projections will be tight, then the 7/1 ARM might make more sense.If you are good on cash and/or your rental projects show that you will be generating sufficient cash flow, then the 30-year fixed might be a better option.I have used both mortgage vehicles for my properties, dependent on my situation at the time.  

Personally, I would diversify those funds into a few different investment vehicles.

We own 2 11-year old vehicles and are achieving other goals quicker as a result.