I never had sellers fill them out, because an error - even an unintentional error - is prima facie evidence for a lawsuit. 

The contractor is probably outside of his ability to lien your property, so he can't tie up your equity, which leaves bringing a lawsuit - possibly small claims. 

If you have assets that could be a risk in the event of a lawsuit then placing your property in an LLC is usually advisable.

For one applicant, when I looked up his court history, I saw that he once initiated a negligence lawsuit against a pizza place because he slipped on their floor. 

After reading Garrett Sutton's book "Start Your Own Corporation" it seems like an LLC would be the best way to protect myself from lawsuits and situations of that nature.

I ran into a lawsuit over a tenant that wouldn’t vacate.  

:)An ADU is accessory dwelling unit, think a granny flat, in-law suite, guest house, etc.

This also comes into play during law suites for injuries as well as failed work. 

Form a disregarded LLC or multiple ones to hold title to your real estate so that if a lawsuit occurs, the LLC will be the defendant rather than you.

Especially if you are doing larger projects where there is more likely for something to go "bad," you don't want one lawsuit in 'Project A' to affect any of your other projects especially when you might have different investor / limited partners for your projects.The general concensus is NOT to use C Corp for and any long term holds because of the double taxation (and I think there was something else about if you were to transfer the property...).