Meanwhile, they form LLC's in preparation for when claims or conflict will arise almost as if there is an acceptance this will occur. 

Just trying to figure out how to best protect my assets as I've gotten conflicting information from reading only about the exposure.  

You want to give them enough time to find a new place but avoid unnecessary conflict.

The lawyers will normally decide to offer only no PPP options as not to possibly conflict with the law, so the lender is mitigating possible risks in not being compliant. 

Even if you view yourself as a passive investor, I always recommend investors take a hands on approach with their earliest properties as it lays a helpful foundation.With respect to turn key operators, I've personally found their objectives to be at conflict with the objectives of investors like yourself.

Having said that, sometimes you can even get conflicting opinions between lawyers. 

Getting conflicting info. 

•Ensure that notice is provided in accordance with any contractual obligations or terms with the current PMC, to avoid any conflicts.2.

A seasoned Real Estate Attorney would know the answers to all of those questions and more and there is no conflict of interest when it comes to advising you.

I've always felt the objectives of the turn key service providers are at conflict with the objectives of the end buyer.