To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

The reason sellers cannot sell these properties through the traditional market is often due to certain issues, and 98% of the time, these issues are not beneficial to you as a buyer.

The Owners Agreement has been a big help as it delineates the exclusive use/rights and shared rights to each area of the property. 

If you don't change the insurance, the new owner of the property would be uninsured altogether.If the loan is in your name, and the the property is owned by an LLC, then that LLC offers no protection as the comingling pierces the corporate veil.

He has suggested that my brother moves the deed for the house into a revocable trust and then sells 90% of the trust to the buyer.

As of now , they have the land , the permits and city approval to build the houses.

Many of our borrowers/clients have one LLC that owns the building and another than own the operating business.

The asking price was fair based on the local market.

I suspect the lien of the judgment could be transfer to a bond posted with the clerk of the court. 

But it depends on the size of the apartment & MFH unit and the location.