@Taylor RobertsonSome buyer agreements include language for situations like this.

A lawyer or CPA will handle all the filings for you, including obtaining your EIN, filing the SOI and BOI, and ensuring compliance with the California FTB.

Once they realize the mistake they made they’re too embarrassed to acknowledge this openly so you mainly hear about the cheerful student  “success” stories which the next wave of naive victims rely on. 

Partner Driven utilized a combination of resources to fund this project, including capital investment and support from our partner, Preston Moore.

Several things to consider: 1) One of the main purposes of segmenting your assets into separate LLC's is so that your personal net worth or equity in other business ventures or properties isn't exposed, so unless you have a high net worth or a lot of equity in a property, it might not be worth bothering going the separate LLC route, especially when it restricts your financing of the property.  2) Most any commercial financing you get from a local bank for a small property is going to have recourse anyhow and require that you sign a personal guarantee, so you're still personally on the hook to the bank even in the case of a commercial loan.  3) If you're a newer investor and buying a deal that's tight on cash flow, or if you don't have a ton of cash sitting in the bank already, your greatest risk factor as an investor is your investment failing economically due to poor financing terms or not operating the investment properly, not because you get sued. 

My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

The property is off a "main road" that goes through town and it is not a city owned street. 

Many of these companies will provide information about the property, including the name of the owner, address, loan amount owed, and additional loans outstanding.

@Michael Daniel - I'm experimenting with a few "AI" generated sources/lists now and my initial perspective is that they're another source of deal flow, but not much better conversion than other areas including wholesalers, MLS, etc...