http://www.startribune.com/apartment-mogul-frenz-sells-off-his-apartment-building-but-law-suit-seeks-to-block-him/443107293/http://www.startribune.com/housing-court-orders-minneapolis-landlord-to-return-record-27-813-to-tenants/424178803/http://www.citypages.com/news/spiros-zorbalas-the-former-slumlord-of-south-mpls-still-flying-his-private-jet-6567567

To clear the title you would have to file a quiet title lawsuit.

I would prefer that they stay in business, and spend their time working out loans rather than dealing with irate investors (and lawsuits?)

The rehab was funded by my dad, and he has also paid off unpaid property taxes, a pending lawsuit (lis pendens) and is paying the holding costs.

Granted, there are many states that do not allow deficiency balances (Like California) but there are as many that do and selling for below market, or selling to someone directly, giving the appearance of selling below market would be a great baseline for a lawsuit by the previous owner.

@Wyatt Johnson I highly suggest disclosing that information regardless of what disclosure laws of Montana are, the headache of the potential lawsuit is not worth it.

PLUS, if something happens (i.e. someone files a lawsuit against you) you can't counter-file if you're not registered to do business in that state. 

I'm asking the question mainly because I am wondering if a Salesperson can also incorporate and use that Corporate Entity to be associated with the Brokerage.Therefore, if the Brokerage gets sued, the Brokerage can only sue the Corp of the Salesperson.Hopefully this is a non-issue where Sales Agents do not need to worry about potentially getting into a lawsuit, even at his own doing because he was not supervised correctly to prevent the liability in the first place.Thanks for any replies in advance.

Liability issues and nuisance factor due to tenant neglect and abuse make pools and hot tubes a defiant "NO WAY" for rental properties.Tenants are simply too irresponsible to ever trust them with anything that high risk.Guaranteed when a child drowns the landlord will be facing a lawsuit.

Risk of lawsuits if you mismanage people's money, or if a deal goes bad that you are in control of. 3) It helps if you do the first deal with your own money.