Are you looking at this for asset protection or more for operational flexibility across state lines?

Something I'm recognizing is how personal the decision is to form an LLC, increase insurance protection or some combination of the two. 

Non-forensic firms may have lower fees, but they cannot provide significant audit protection or the maximum allowable tax benefits of a forensic tax engineering firm. 

– Do you want long-term representation and liability protection, or are you comfortable negotiating directly with the seller’s agent knowing they legally represent the seller?

Hey everyone — looking for some insight from hosts who own multiple STR properties and have set up some kind of asset protection or entity structure around them.For context, I currently own and self manage 9 short-term rentals.  

How do you currently handle deposit protection or tenant move-out reports?

That’s usually where I see developers either unlock extra protection or unknowingly leave gaps.

LLC's offer very little protection or tax advantage when you get right down to it.

Steve you are right to pause and ask questions before moving everything into an irrevocable trust Once assets are placed there you generally give up control which can limit flexibility later A lot of real estate investors in Maryland and beyond instead start with a revocable living trust for estate planning and probate avoidance then look at more advanced options like irrevocable trusts for asset protection or tax planning when it makes sense Since you already hold everything in an LLC you have a layer of liability protection so the trust decision is more about estate planning and taxes I’d recommend sitting down with an experienced estate planning attorney who understands real estate investing so you can weigh whether a revocable or irrevocable trust fits your goals

First, run a quick feasibility screen: are you eligible to subdivide under your city’s rules, and do any tenant-protection or rent-control overlays complicate timing?