If you have a multiple member LLC, the credit partner (the one getting the loan), must be on the LLC in order for the property to be used as collateral, but if the other partner is also on it, any lawsuit against you can't "injure" the other partner since they would have nothing to do with the lawsuit...thus, the LLC (and the property as its asset) is protected (this is where I say I'm not a lawyer and don't listen to what I say as Gospel, and consult with you own lawyer, etc...).

My son was injured in September and is paralyzed.

It seems I'm always visiting a radiologist for x-rays when I get injured from grappling (BJJ).

No one injured, but the place and everything in it were total losses.John Higginbotham, if you think they're hounding you now, imagine if this happened in your building.

I'm trying not to spend a lot of money on this, but I don't want to put myself at risk if the person gets injured or there's some other incident.

If the tenant injures themselves on your property, you better be prepared with a good insurance policy and documentation that you have properly maintained the property and were not negligent in any way.Good luck!

If a child gets injured or worse, you can be guaranteed that you will be sued as the "deep pocket."

Mom got brain cancer and I need to be close to her, a job relocation, my kid got injured and is now permanently in a wheelchair and the old house isn't wheelchair friendly, old house burned down, etc, are what we're looking for.The other alternative, depending on how much it'll cost you, etc, would be to refinance the duplex into investment property financing with a closing concurrent to the FHA purchase closing.

Wc insurance is required by all people that work in construction .. even sole proprietors .. this is of course if your intending on keeping things legal and not wanting to risk getting sued by a injured worker .. a officer of a LLC or a corperation can get exempt  from   Workers Comp but they have to file for it .. so if you have anyone who you hire that tells you they are excempt .. ask to see their certificate .. then check online to see if it is valid .. unfortunately  .. if you dont check and they get injured , you can still be held liable .. good luck and ..God Speed , Michael Short 

Afterward I spoke with a few that had been, to a man they admitted that the plaintiffs had been injured and that had they settled for a "reasonable" amount the lawsuit would probably not have happened.None of them thought the plaintiff had "made out financially" via the courts.all cash