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

It doesn't matter - You as the big bad rich landlord have a target on your back and will be named to the lawsuit and your insurance carrier will rush to settle it quickly and then you'll be dealing with the long term challenges of having that claim in your insurance history. 

@Maryann FialdiniDefinitely get an attorney as you want to avoid her claiming she was induced to sign and it was a predatory situationIn the future never give money, pay for anything or take a deed without going through proper peopleYes it’s Monday morning quarterback but it is sound business practice.The only way this will get resolved now is through a lawsuit or cash for keysWhat is she trying to claim btw ?

If the tenant does not pay the electric bill, the utility company would be responsible for filing a lawsuit to get their money from the tenant if the tenant is unwilling to pay.Best of luck, David

There was a class action lawsuit in 2005 regarding Federal.

LEGAL CHALLENGEThere is a lawsuit challenging the law.

., lawsuits from tenants), your personal assets could be at stake.Buying Under an LLC: Limited Liability Protection: The main advantage of buying under an LLC is the protection it offers.

I’m now battling a civil lawsuit (that I wasn’t informed about) thanks to Home 365 dropping the ball on a tenant issue and they’re not helping.

There in no merit for a lawsuit. 

So market shrinks and more lawsuits happen when buyers go unrepresented.