I appreciate any advice you could give.Hello, Using personal assets to fund your LLC is possible, but keep them separate for liability protection.

How do we ensure that we have a comprehensive lease agreement in place and we have covered ourselves from all the potential liabilities?

Based on your situation, you wouldn't be responsible for late fees, but there may be interest if there is a tax liability.

I don't see how a closing attorney has any liability in closing these deals unless their underwriter specifically forbids them and wont write title insuranceWill be interesting to see how it all plays out I think I will call the closing attorney I know well and has closed my new builds in Charleston and get his take on it..

Bottom line is the scenarios you're bringing up increase a listing agent's legal liability. 

When you say, 'landlord insurance' what are you seeking - property coverage or liability?

The downside of this strategy is that the borrower has some leverage to negotiate terms that benefit them in exchange for the Deed in Lieu.Plan executedGiven that we had ruled out the first two options, it became clear that we were going to end up taking these properties back along with inheriting any accrued liability.

Excess Liability:  There are non-standard (excess/surplus lines) options to cover after the current $2mm umbrella is exausted. 

Most of what I shared are proactive measures you can take to greatly reduce your liability exposure and shield you from a host of claims that commonly arise in real estate.

Significant liability attaches to ownership as well as management.