That can quickly lead to a lawsuit.

Agree with all this advice.To make sure your mistakes aren't lawsuit worthy, read and understand your local tenant-landlord law and start getting processes in place.

But when we presented house to buy to flip with great comps they kept turning us down... we want to know if any lawsuit is pending.. thanks for answering this

Could very well turn into a train wreck for the tenant/buyer, which could end in a lawsuit.

And if I go to the seller and convince them to break off their contract with the agent, aren't I technically interfering with their contract which makes me liable for a Tortious Interference lawsuit?

To be suable, one needs assets, insurance polices, etc. of value to be a profitable law suit.

Hello JohnMy understanding is that the LLC will provide you better protection from things such as law suits, etc.Many of my clients have mortgages in their personal name and then transfer title to their wholly owned LLC.

To add a layer personal protection in case of a lawsuit or as a strategy when a bank puts a clause on a REO purchase restricting you from selling it within say 6 months or 90 days.

If the LLC pays for the medical treatment, or if a lawsuit is filed and settled, can the payment be deductible since it came out of an LLC?

He goes, 30, 60, 90 days and on the 91st day, Darrell files a Lis Pendens (lawsuit pending).