[tppiotrowski]

I recently set up a personal LLC and remember reading something about real estate investors making an individual LLC for each property as a way of limiting their liability. If you can't pay one mortgage then you still keep all your other homes. Those LLCs are then managed by another LLC.

[zer00eyz]

It's also a way to shield yourself from tenant lawsuits. The extent of damages you can seek are the value of the house.

[brodouevencode]

Huh - that makes sense then. I didn't consider the "limited liability" part of it :).