There is a right way and a wrong way to do a LLC, 99% follow the herd on biggerpockets and think they are "protected" by doing this but all it seems like they are doing is throwing money away by making life harder for themJust my non legal 2 cents on this. 

Happy to be proven wrong by other accountants! 

I am not a pro in that space so I may be wrong but that is not what I am seeing. 

Maybe I'm doing it wrong

Related: http://www.biggerpockets.com/forums/93/topics/138398-what-is-wrong-with-some-wholesalers?

Truepeoplesearch & Opencorporates (for LLCs) are good free sources we use.We've been getting a lot of wrong numbers on batch leads so we've switched over to Skipmatrix and it's been way better.If you need help calling any sellers I'd be glad to help!

Quote from @David Butler: I wouldn't endorse such a view, but some people see nothing wrong with it as long as they operate within the boundaries of what is legal.

Please correct me if I'm wrong.

When something goes wrong or breaks a tenant will just let it be due to past bad experience with repairs/fixes not being done at all or just a bandaged to a bigger problem. 

Things like wrong brick or brick color.