To work around this, i removed several things from the scope of work...things such as exterior painting, exposing bricks, finishing the basement...reducing the cost of the rehab and leaving me with projects i could work on after the rehab is complete.

TI covers you forever, not just during your ownership, so if a matter arises that was from a previous owner and claims are made against any future owner, your policy covers you in the chain of title.Not obtaining TI exposes you to risks of passing good title to future owners, any claims made during or before your ownership, you'll have to defend.

Think of the time involved because time is money and think of all the hard work it will take. is there really enough money in the deal to make it worth your while and the risks you are exposing yourself to.

BUT ALSO at one point there was an open area for Machine maintenence where they kept some industrial cleaners , a few 50 gallon drums for Machine Lubricant purposes  and a rack for Propane tanks that were used on the tow motors .

I will expose the incorrect thinking below.But first, let's discuss what an LLC actually is.

I will expose the incorrect thinking below.But first, let's discuss what an LLC actually is.  

My family has been investing in Real-estate for over 30 years, and I have been exposed to the rental business since a very young age.

Hundreds of times a day, probably, in this country.The whole point of the MLS is to expose a property to the widest possible universe of prospective buyers.  

If you lost track the total is 4 one-bedroom apartments and 1 two-bedroom apartment.Things that went great: 1.I gained experience framing, wiring, dry-walling, and plumbing, on five apartment units. 2.Several members of my family and I had a place to live for twenty years. 3.Maintaining the property over couple decades made me a better carpenter by exposing some minor things I could have built better the first time.

So opening a probate exposes the equity to those unpaid creditors.