What about forming an LLC or Corporation?
It is generally a good idea to put your real estate or business holdings in an LLC or corporation. The LLC is popular for real estate investments. It can help protect your other assets from lawsuits arising from your real estate investments. The subchapter S corporation is popular for small business holdings. It helps protect your other assets from lawsuits arising from your business. It can also reduce your taxes and dramatically lower your risk of an IRS audit.