I don’t recommend relying upon an entity alone as your sole asset protection strategy. Instead, I recommend a multi-barrier approach that creates as many impediments as possible between you and any would be litigant.

I encourage all of you to ‘at least’ consider buying one rental this year (in or outside of your retirement account) and determine if it is a good fit for you.

Now of course, we realize that not everyone is in the proper stage of life, has the resources, know how, or even the proper mentality it takes to be a property owner. However, whenever possible, it should be considered as part of a comprehensive financial and tax strategy plan.