I had an IRA owned house burn down a few years ago and thank god no one was injured. 

If something were to happen (a tenant injures themselves on your property) they would sue the owner of the property which in this case is you personally.If you are going to have an LLC, then everything needs to be in the LLC name, and none of it in your name.

Also, I would make sure the AirBnb operator has short-term rental insurance to protect against guests getting injured on the property.

Chris Clothier can pee his name into concrete. hahaForget about Chuck NorrisChris built the hospital he was born in heheChris doesn't sell turnkey, investors beg him to buy 😁When Chris goes to sleep and switches of the light, he is under the covers before the room goes dark.Chris is like Muhammad Ali, he tussled with an alligator, wrestled with a whale, handcuffed lighting and threw thunder in jail.Murdered a rock, injured a brick, he is so good at turnkey it makes medicine sick heheheOk, I'll stop now hahaha Chris shot Tupac

This will cost money to maintain, cost money to manage leasers, subject you to the will of tenants/leasers should they damage something, should someone get injured, your money will be gone (for now), subject you to the will of the market, interest rates, potential market volatilities.. you will need a lawyer at that amount for sure and a good CPA. 

That will be a process.If I were the injured party, I would be reaching out to the owner, title company, seller, and /or the developer for compensation.If you are the current owner and renting out the space, you can not claim ignorance of the issue.  

If someone injures themselves and sues, they will be suing the LLC and not you personally.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

A quick search shows actual offices for HUD, OSHA and the EPA in Dallas, so not that difficult for an irate tenant, prospective tenant, or injured handyman to initiate an expensive complaint...

He said, if someone were to get injured on one of my properties (hypothetically) and walked into his office wanting to sue me, he would most likely take that case based on the amount of houses I had and the assets to go after.