So if you are thinking of diversifying into corporate, do not think this will happen overnight.

Without the sprinkler permit you can't pull an underground plumbing nor interior plumbing permit and if you're amending the plans that could hold up both of those permits, which could stop your build in its tracks, depending on when the mistake is caught. 

Feel free to stop by whether you are looking to learn, network, talk about your experience in real estate, ask questions, or just hang out and enjoy good company.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

The roof is fine until it leaks, decks are fine until they are not, things wear out, line blockages don't happen overnight they most often are buildups over time until the result IS seen overnight. 

And then I'd ride the wave and grow my business with it and stop when the music stopped. 

So all the things stopping you in single family are still true in multi syndications as well.Mortgage rates don't make sense for many or even most deals, but coming down some, so more deals will pencil. 

2) Assuming I can proceed and put the home under an LLC of some sort, what would stop the tenant from just checking the county tax records and finding out who is listed as the last purchaser, and from there come after my family? 

Hillsboro, Oregon is a stopping point for many Submarine Cables of Fiber Optic bundles that come from around the world on the ocean floor.

Have you dealt with the scenario where the Tennant stops paying, and they're doing it in spite?