He is opinionated but does not portray real estate investing or landlording as fun or easy, like so many other authors more interested in selling books than in revealing hard truths.To my knowledge Reed has not actively owned any rentals for a long time, but he is an astute observer with good prior experience in some areas.As far as his assertion that -->>Many people say they are happy if a book just gives them one good idea.

If you build a deck/patio now you have 1 more thing to maintain and add to your expenses.When you are ready to sell in the future you can reveal ut the necessity for a patio if you feel it will help you sell faster and for a higher dollar amount.

Does the owner or the LLC have a legal responsibility to reveal that the LLC is the beneficiary to a trust and thus open the financials of the trust?

I am sure he has excellent credit and a good track record, and I am also sure he does not reveal to them his plans in the event of a severe downturn.

I would be careful about revealing exact address to prospects until you have ground help in place.

Then he gave me the name of another person who revealed that she is his cousin.

It's going to harm you if it's a scam to steal a security deposit, and future google searches of that address reveal a (justifiably) upset victim of theft by "landlord" associated with said address. 

A quarterly inspection would reveal signs another person(s) may be living there; extra clothes, personal belongings, toiletries, etc.However, if they, or more specifically their guest, are causing a problem, catching them will give you the needed leverage to evict them if need be.

Even an inspection won't reveal what two weeks living in the place will.I think the target of the lawsuit here is the buyers.

With that said, once things went south we dug a little deeper and the records had revealed the tenant had filed for bankruptcy 1 year prior and had several aliases.