" - "Don't trust your Legal Shield attorney.

The right legal structure can help shield your personal assets, reduce your exposure to litigation, and make it more difficult for creditors to gain access to your wealth.

I don't know whether I need to do asset shielding. 

The total monetary loss is $6 million.Umbrella Insurance Policy ($10,000 deductible/$3,000,000 coverage): The landlord goes bankrupt, losing $20 million.Result: The landlord is better off with an LLC, which shields them from personal bankruptcy.Ultimately, landlords should make a decision based on their own real estate portfolio.

You’re pulling all of your depreciation benefits into year one (a good thing quantitatively, due to the time value of money), but in the remaining years that tax shield is gone as you've used it year 1. as I’m sure you know, don’t buy a bad deal just for the tax benefits. 

The right legal structure can help shield your personal assets, reduce your exposure to litigation, and make it more difficult for creditors to gain access to your wealth.

Just like if you had hired an attorney, they shield you from dealing with the other party directly. 

That alone would likely shield them from any liability.As others mentioned, i would recommend consulting with a lawyer.  

Therefore reaching out to community directly From the article, I understand that:LLCs provide a liability shield if set up and maintained correctlyThere are some financing and due-on-sale clause risksOne LLC per property = better risk isolation, but more cost/complexityGrouping properties under one LLC = simpler and cheaper, but more exposureI’d love your perspective on a few questions:Does it make practical sense to have LLC?

The LLC shields the individual and their property from any lawsuit or claim.