In TN, the tax sale process is a lawsuit the county files in court, so there are attorneys and motions and court hearings on almost every aspect.

Probably very little unless you are mis-rpesenting the property.As a wholesaler, are you an attractive lawsuit target? 

Plus, its worth noting that no Retail Priced property will be at a number where you're going to get the benefits of investing (cash flow and equity)What is working now is looking for single family with accessory units or mother-in-law suites, or duplexes.

If something were to happen with the property, such as a lawsuit from a tenant, having it in an LLC can help protect your personal assets from being at risk.

First, JP Morgan & Chase hit me with a foreclosure lawsuit and named almost anyone in this suit, State of Florida, construction company, the elections.

This is what insurance is for. can you think of a reason why someone could file a lawsuit where your insurance would not cover you?

Think about what would happen if you ever have to face a lawsuit in such country against a local.

@Bruce Woodruff why worry about the amount of equity in a property.Let the threat of lawsuit determine the amount of debt on a property is no way to run a RE property or business.

They quoted an umbrella policy for $200 extra, which is very reasonable.From my limited understanding of insurance policies, if I have the second-home policy with home sharing endorsement (personal liability $1M) plus an umbrella for $2M, then I should have about the same coverage I get from Proper, even in the unlikely event of an off-premise liability lawsuit. 

She owns a home 45 minutes away, with a $1100 mortgage payment and potential rental income of $1400 from the house, plus $500 from a mother-in-law suite (already rented).