Firstly, if regarding any business activities, say, a wrongful eviction, or something of the like, that would fall under the coverages discussed above. 

@Antoine Nelson For example: let's say as-is non renovated houses in that area (with similar square footage and needing similar levels of repairs) have been selling for around $60k.

I would also put, say a group of condos or same asset-types into an LLC, but not a single-family home by itself.  

Say a credit card default and judgment etc. 

I'd say a roof is more like 25 to 30 years these days anyway - if you're going with the better shingle which most people do nowadays.Again, just taking the depreciation schedule and saying that the IRS version of the useful life is how long it will actually last is the whole problem with this argument.

Everyone has a different investment schedule and may I say a different risk tolerance.  

Assuming I can get her onboard, is it possible to have her take out a conventional mortgage (say, a 3.5% FHA loan) fir a primary residence, buy the house that we agree on and live there as a tenant, while I cover all out-of-pocket expenses (downpayment, closing costs, etc.)?

Has this provision in the Code recently been changed as I see other posts that say a unit must be rented to deduct such expenses?

Lets say a renter turns off the heat in winter and it breaks the pipes, floods the house, causing a repair bill of $25,000.

.) + a bunch of contingencies for me to get the property properly zoned, approved, financed set-up and/or investors within a certain time frame, etc. without them turning down the offer as silly and tarnishing my reputation.If, say, a lot was advertised for somewhere around $100k, wouldn't I have to at least make some kind of "earnest" money option of 5% or ?