So if you are negligent and the city has to step in, they bill it back to you, and put a lien on your property if not paid.Out in Long Island, there is a question whether the owner of the property or the town pays for the removal of dead trees.

They are supposed to test that the heat works, not necessarily to know if the boiler is up to code (although most would probably catch it).So clearly if the heat doesn't work, then they were negligent.

If you are found to be negligent in a lawsuit you have no protection with an LLC.

I think an LLC is a good idea in that it can protect you to from some liability short of gross negligence.  

@Charles Worth  right now I see them spread all over the country to competition in any one market will be negligable.. but if one decided to concentrate on a market and they bring in cheaper capital.. they will cream the best players and deals as the flippers who are getting squeezed on profit will be looking for cheaper capital.. 

A property in good condition and good management means you won't be negligent and in Mo. as everywhere else, the law favors landlords over tenants as to their rights.

Most renters policies have $10,000 worth of coverage for the landlord to recover due to tenant negligence.

Do you think if you were found negligent in an auto accident and you had a bunch of LLCs set up for your different properties and the judge/jury wouldn't get to every one of your personal and "corporate" assets?

The reason they buy is because on a very large scale, their investment is negligible relative to leverage.

The problem is that they've been negligent, ineffective and possibly criminal.