@Richard Queen welcome to my neck of the mountains 

I occasionally get someone that says, "I know this one guy..." but they can't provide actual details and it's probably just a rumor.Almost all legal disputes are over security deposits and very small amounts.Large suits involve injuries, which are only a risk if the landlord is negligent (e.g. fails to repair a broken step and the tenant falls).Even if the landlord is guilty, the suit will most likely be settled out of court and covered by insurance.Even if it goes to court, insurance will cover the costs.The odds of a landlord losing a lawsuit for more money than the average insurance policy will pay are about the same as winning the lottery or being struck by lightning twice.

You also have an HOA on top of you breathing down your neck. 

sounds like the do hardmoney model and from the same neck of the woods.. would not be surprised if it was the same actors or an off shoot of them 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Tenant’s vehicleor other possessions will occupy the parking space entirely at the risk of the Tenant.Tenant releases Landlord from any loss, damage, claim or injury resulting from anycasualty.”Should the tenant or I have additional insurance for a Garage Storage unit?

If you are a lousy landlord, an LLC is not going to protect from injuries and subsequent litigation.

Nice to meet you Ann, I am right near your neck of the woods in Lodi myself. 

@Hunter McNeill how else are you going to get liability coverage for a personal injury lawsuit from a tenant?

Jason Goldfarb is a legend from that neck of the woods.