This just means in some sort of audit or lawsuit, your personal banking records will be needed to show the movement of funds to demonstrate that everything was done cleanly/correctly. 

However, we just got the inspection results and the mold results came positive with High to moderate levels of SMUTS, PERICONIA, MYXOMYCETES - MODERATE TO HIGH LEVELS OF "OTHER" SPORE TYPES PRESENT INDOORS.The sellers are willing to work with us but we are afraid that even with the mitigation this will affect our re-sell value or potential lawsuit if we want to rent the basement and the mold re-grow.Please advise, should we get out of the contract and keep looking we are worry and frustrated at the same time.Thanks!

Go read how he destroyed this womans retirement, and see all the lawsuits against him. http://weclosenotesanddreams.c...$1,800,000 and counting and I am disgusted to see so many others still working with him.

Hi Dovi,Some people look at the equity value of the properties in the LLC when deciding how many to put in, or if to put in more than one.Also, some demographics tend to be quicker on the draw to file lawsuits, sometimes for imaginary things.

You can even do a point system but stick to your written plan otherwise you may end up with a Fair Housing lawsuit.

And even with LLCs, in the event of a lawsuit, attorneys will make every effort to pierce the corporate veil.  

I have been at this for 30+ years and have never been involved in a lawsuit

@Michael McCloud the only thing stopping me from pulling out my retirement is that it is protected from lawsuits/bankruptcy as far as I know.

Don't accept any partial payments as that will be considered a cure by the court.As an alternative to eviction, file a Small Claims lawsuit for the amount due using the Notice of Quit as documentation along with the lease. 

Lawsuits are never fun though, even if you know you're going to win.