The fact that a certificate of formation that contains the foregoing notice of the limitation on liabilities of a series is on file in the office of the Secretary of State shall constitute notice of such limitation on liabilities of a series.

A pure lease of the property with a separate option to purchase is usually what is used as a separate option doesn't constitute an equitable interest in the property. 

The lawyer for claimant will likely try to resolve the claim pre-suit, by sending the claim adjuster any relevant medical records, an incident report, etc.Disclaimer: The information in this post does not constitute legal advice and does not establish an attorney-client relationship.

Comply with any requirements of any of the constituted public authorities, and with the terms of-any state or federal statute or local ordinance or regulation applicable to Tenant or his use of the demised premises including alterations, repairs or improvements and indemnify Landlord from penalties, fines, costs, or damages"

However, if structured as a newly formed multi-member LLC whereby the IRA and the other member including the IRA participant are the members of the LLC then such transaction is allowed provided not change in ownership moving forward, as doing so would constitute a prohibited transaction. 

@Jacob GoldsteinThe following page is a good resource regarding what constitutes self-employment activity. https://www.irs.gov/businesses/small-businesses-se...

Would like any advice on what to look for and what constitutes a legal basement apartment.

On AVVO the same question was asked by someone who owned 4 rental houses in Texas and the unanimous opinion of the responding attorneys was that renting out residential properties constitutes transacting business under Texas law and the entity should register as a foreign entity.

Now what constitutes a "smart" risk versus a "dumb" risk (e.g. putting all your savings on black at a roulette table) is a more difficult question.

I like what Jordan Peterson has to say about wealth: he states, "Wealth constitutes what you have when someone takes all your money away."