I'm now hearing an unpermitted bathroom could cause issues with insurance claims, city fines, and resale.

Can still be difficult to sue though.A decent percentage of the time this can also be due to low-demographic tenants trying to take advantage of ownership change by claiming, "they don't know who to pay rent to".

If your state is like Florida, you cannot use the deposit whatsoever until you have made a proper claim on the deposit within 30 days of when the tenant vacates upon termination of the lease.

They claim this is to protect the tenant.

Without a contract and right to assign you have zero claims to assignment fee, no matter how much time, effort and money you spent into finding the coveted deal.

Check the forums for the debates on buying in your personal name and quit claiming it to LLC after closing.

Our PM has previously said they must have properties they manage up to a certain ‘standard’.We do not want to pay legal fees for Small Claims Court.Any help is appreciated.Stephen E

It took a year and a half and a lot of work, as well as significantly more dollars than I was insured for.We had a slip and fall medical claim a few years ago that resulted in a settlement of over $200,000.

Not to mention that insurance companies will find every which way to avoid paying a claim. 

Soon as they’re notified there’s money to be had, all the relatives who never gave a s—t are hiring attorneys to press their claims.