It may be worth your while to take the Law of Contracts course at SABOR, Champions, or online.

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***This will be my first investment property***Thanks for any adviceHere is how they define the coverage:Personal Liability - Each OccurrencePersonal Liability provides protection if someone makes a claim or files a suit against you (or someone covered by the policy) for accidental personal injury or property damage and the cost to defend any such claims or suits against you.

Your only getting the ones defending the investment and how great it is for them.. the ones that lost all their money well they are doing other things and lost interest in the dream  that's my take on it.

Here is a perfect example:http://www.naplesnews.com/news/crime/florida-landlord-accused-of-stabbing-tenantsWe all get a tenant or two that makes us kinda go nuts...but....they are best dealt with in the court system as a defendant rather than US being a criminal defendant:):)

If at a later date you deny someone with bad credit it would be harder to defend turning someone down because of credit when you accepted a non-protected class with bad credit.

I would have no hesitation to buy the property, and sign an indemnification to the sellers that I would defend any possible issues with it.

@Curt Davis   I could not agree more that many of the bad buy's by foreigners was championed by their own people..

("He Who Defends Everything, Defends Nothing)I would definitely check out the BP ultimate guide on real estate investing and then check out blogposts and podcast until your head explodes.

Single member LLC and you have a problem your still going to get named personally in any suit and your going to have to spend thousands trying to get your personal name removed from the case.Insurance will defend you if you have the correct policy..