When you have multiple responsible adults sharing a house, if one "bad egg" slips in then you have the others renters to kick them out or report them. 

@Kyle Kulhanek To retitle your Chicago condo into an LLC for liability protection, start by forming the LLC with a clear operating agreement outlining ownership and responsibilities.

Posts like this are part of my journey to learn, network & connect with experienced professionals like yourself who have valuable insights to share.I also want to apologize for the late response—it’s been a busy few days, but I didn’t want to miss the chance to thank you for your input.Looking forward to learning & growing in this space & who knows, maybe one day I’ll be offering you in on an investment idea or I'll be the one offering advice to new investors!

If no response contact the State Banking group and get them involved.  

The city is among a number of nodes for Tesla suppliers popping up throughout the Austin metro as a result of the so-called "Tesla effect" — which is shorthand for the trend of electric vehicle suppliers flocking to the region in response to Tesla's mammoth presence in eastern Travis County, where it has a gigafactory and headquarters.

Thanks for the response, were open to other options as well.

Quote from @Anthony Thompson: Anthony - thanks for the response.

Hi @Joseph Goode I didn't see any responses on this so I wanted to see if anyone did get back to you via PM as I am interested in this topic as well.   

Have every detail spelled out, use an escrow account and daily updates verifying all parties are executing their responsibilities.

I wrote a letter to the HOA yesterday explaining why the door was needed, how security would be very tight, and how the HOA itself could potentially be responsible for any ADA fines/penalties if they are found to the "barrier to access" for ADA as they control the lobby.We have a tenant lined up and obviously this is causing a major issue.