so holding company structure for rentals happened...

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.
Illustrative scenario prepared by my practice.
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
Hypothetical question

I've been trying to resolve this on my own but I'm stuck.

holding company structure for rentals. I've been dealing with this for about 7 weeks now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

Illustrative response

Currently own 5 rental properties, all in my personal name. Looking at a Delaware holding company structure with individual LLCs for each property. My accountant says the tax benefits are minimal but the liability protection is worth it. Attorney says the setup cost is $3K-5K plus ongoing maintenance. Is the juice worth the squeeze for 5 properties?