I have negative net worth so nothing real valuable to protect in a lawsuit at the moment :) At some point I will get more serious with that as my financials should finally start swinging up as I go through my 30s here (college debt can be brutal!)

If PA state statutes are old and do not address as many things as other states do; and, if PA courts refer to other state statutes when deciding lawsuits - it sounds like a full understanding of the current status of landlord tenant law in PA requires knowing the common law rules.This means:1) read the statutes - if a statute addresses your question directly great - thay MAY be the answer2) read any case law addressing your question.

In this situation, what ways can i protect myself through my insurance company or other methods if my current tenants were to have a frivilous lawsuit case against me?

-StevenI think they can name anyone they want on the lawsuit, but unless they can provide a solid reason for suing the individual (such as fraud), the judge will force them to sue the LLC instead of the individual(s).

Could all three properties be exposed to lawsuit?

This house has a second apartment, or mother in law suite, attached to it.

In todays liberal law-suit happy society, someone could point a finger at you and say you didn't act in the seller's best interest while negotiating the short.

The deal was as follows: Estimated ARV= 180K Estimated Repairs= 50K My price= 50KIt was a gorgeous deal and I was wholesaling it to a local buyer for 70-75KBut like you say Joel, the time and money invested into the whole lawsuit would have minimized profits, emptied my pockets and filled the attorneys.

If he defaults on his lease, leaves your place a wreck @ move-out, or he is just a problem tenant, you will have to evict him and/or file a law suit to collect for damages.

Being a new landlord I didn't want to get into a discrimination lawsuit if they asked why they did not qualify.