Work with quite a few "investors" with in-law suites, apts over garages or standard duplex, triplex situations.

I have 1650 sq ft under r air and 2050 sq ft all together. 3/2 with a mother in law suite.

Regardless of your intention if you treat applicants differently you could risk a lawsuit on perceived discrimination unless you are exempt from the Fair Housing Act and there's not any state or local statutes that may come into play.

It's meant to stop harassment from collection agencies calling at all hours of the day and night, but it also stops pending lawsuits too, including a pending eviction case.

I've been so up in the air with reading all the pros and cons, I especially worry about people saying to beware since agents can be open to lawsuits when buying investment and representing themselves. 

Creating an LLC from the get go and purchasing properties through it would exclude you from utilizing this financing.I run a $40 Million portfolio in the Cleveland area & I can tell you even at that scale the risk of a life changing lawsuit is incredibly low, especially if you are acting like a responsible property owner.

They're currently facing a couple lawsuits related to the way they do their loans.

This is an issue for ANYONE dealing with a property for monetary gains over $500.Keep in mind that in the early 2000's Texas set the precedent in the Stachybotrys "black mold" liability/lawsuit push. 

BTW, the two hours of attorney time mentioned above was for a Memorandum of Contract filing, not for a specific performance law suit which will be much, much more.

Ken Virzi Keep then flowing Ken, I've heard too many horror stories with lawsuits here on BP with partners.