If you see a falling inflation adjusted per capita income, you need to carefully consider the long term risk associated with buying a property in that location property.MaintenanceSome of the major factors for maintenance are:Age of the property - the older the property, the more maintenance it will require.Climate - Moisture and temperature are both major factors.

I have an unfinished basement that we noticed has some mild to moderate levels of moisture on some soil/dirt on the floor we just discovered.

Mold can be a little trickier as you have to figure out where the moisture is coming from. 

If they were deteriorating, with moisture getting through the grout lines (if tile walls), they will continue to deteriorate behind the shiny new paint.A potentially bigger issue is the overall age of the tub/surround/piping.

The LL is NOT responsible for tenant belongings stored in this area that may be ruined due to the moisture/water, as water could be possible. 

This would be for "protection" not that the LLC is un penetrable, but also so i don't carry all the debt under my personal name which i would imagine could affect lending opportunities.

@Nathan G. part of the issue is moisture too.

You might get lucky with one unit with a non-pet but if you scale SFR ( I don't invest in the space ) you will run across pets.For carpets you can get installed a breathable moisture barrier.

Which is builder speak for "Ain't nuttin gonna git wit"....Which is Southern speak for, "The Interior of the home shall remain free of moisture"....We have been using PEX in all our new builds and re-pipes for the last few years.  

Additionally, taxes are extremely high & it feels discouraging to penetrate this specific market.