Is it for liability protection?

My thinking is this:1) Spend your money making the unit nicer, not investing in machines that will need service calls.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Is this an amenity worth spending $$ on?

I'm sure Elite has complex T&Cs to protect themselves, but it costs you nothing to dispute the transaction.  

Your also spending 4-5k a year in taxes on a 90k house. 

Quote from @Alvin Sylvain: I don't know of any special protection afforded you by placing the property in an LLC.

There is no 100% guarantee out there.Managing your property properly and having great insurance are probably the two best ways to protect yourself.

Expect, to only get about 8% (or lower) of the properties you buy redeemed.If you pay close attention to the type of property, and do research to protect your interests, the percentage does jump up to about 30%-50% on the properties eligible for two year redemption.

Coaches are best when you want to go from somewhere to somewhere better, but not the best spend when you are starting from scratch.