Through a series of incidents, longer holding times due to Historical and city Boards, our interest carry gets eaten up quickly.

It is in your name and you personally would be held responsible for any and all liabilities without limitation.An LLC, whether single member or multi-member, provides a limit on the liability that a member is responsible for and removes extra liability from unforeseen incidents.

I had an incident that was not too dissimilar from this and my main take-away, much like yours, was that I would put together my own deals from then on.

Hi all -I am considering a property that has had fire incident about a year ago.

So, I'm asking a question on the flip side on behalf of my parents who are tenants.I just want to get some 3rd party feedback.My parents have been renting a duplex unit for roughly 3 years I believe without incident, and recently recieved a new lease - presumably from a new and larger company that manages several large apartments in addition to the sum of duplexes they bought up in the neighborhood.Old lease, they were responsible for their own utilities, mowing and snow removal.New lease says landlord pays 80% of water bill, provides mowing and snow removal.  

I had a VERY UGLY incident happen to me.I have a 4 bed/2 bath unit. 

You need to confirm if it covers items studs-in coverage or if it will replace the entire construction of the apartment in case of a catastrophic incident like a fire.

I'd also call 311 and get the city involved, make sure the builder has the proper permits, licenses, inspections, etc. and get this incident on record with L&I as that's another angle you can possibly use. 

I just want to make sure I am in no way liable for this as it occurred on my property, but was an incident between my tenants vehicle and neighbors property.

I'm trying not to spend a lot of money on this, but I don't want to put myself at risk if the person gets injured or there's some other incident.