Housing violations, lead remediations, FHA lawsuits, Personal InjuryEven property managers shouldn't do it.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I too understand that hiding my name will not protect me against a lawsuit.

@Landon Lehmann many investors borrow against their primary residence equity to invest.Getting a HELOC can also be the path of least resistance and cheapest.There is risk though, that if you investment results in a loss or lawsuit that you could lose some or all of that money and more (lawsuit).Getting more insurance is typically easier than setting up an LLC and meeting all the requirements to separate your business from your personal assets.What are you doing to source potential flip properties?

We all know what happened on August 17th because of the NAR ruling and lawsuit.

Even if there was something there, they headaches and costs of going through a lawsuit likely to quickly outpace the $40k that is at risk (any good attorney will tell you it isn't worth the effort).  

From my experience, security deposit reconciliation is one of the easiest ways for landlords and property managers to end up on the wrong side of a lawsuit.

Owners are risking financial loss, lawsuits from neighbors and serious fines if they live in HOA's.My neighbor rented his beautiful townhouse in the Los Angeles area using this company.

What a Mentorship is about at Why **Great** Mentors Matter - or Don't (Is it just "Feel Good Stuff")https://www.biggerpockets.com/forums/517/topics/1155059-why-...The SubTo Community has the following errors: "Gaps in real estate investing knowledge leaves people open to lawsuits and losing their investments.