Can an individual member of the board or management company be held legally responsible  for the boards' decisions though?

We held it for 3 years before selling it and completing a 1031 exchange (more on that later).

However, she put a lot of effort in selling this townhouse and held open house for 7-8 times.

This one will be held ‘forever’ since we have family in the area and can see ourselves potentially living in that house again in the future.

We are setting goals to be held accountable for throughout the year 😊

Turns out that there are 2 garbage collection companies I can choose and I hadn't chosen one yet since the contractor has their own way of dumping.So far, I'm about $32k out of pocket and most of the remaining expenses ought to come out of the renovation escrow (held by 212 Loans).

There are valid reasons, sometimes, though never preferable.....require a good amount held back from escrow, $5-$10k, not just the supposed rental amount. 

One mistake can be forgiven the second never will be.Your vehicles and other assets can be held in personal property trusts etc.Just remember to buy plenty of liability insurance and both personal and commercial umbrella policies.If it ever gets to court your tax returns will be subpoenaed and subject to asset disclosure.So if the business entity operates the business and does not OWN anything because land trusts own every piece of real estate it creates another barrier to asset seizure.

@Joseph Fields RE agents are held to a high standard when it comes to dealing with the public, so I wouldn't do it. 

I've held properties with mortgages and without.