I haven't come across a case where a renal property took someone down but the cost of setting up an LLC is negligible when you consider the cost of purchasing real estate. 

Define what happens for maintenance items due to tenant abuse or negligence.

If you had an "expiration" on your offer, and you/your agent were not provided one, according to most contracts, you have no contract, or you can rescind prior to reviving an executed contract.It was silly/negligent to proceed without a signed contract.We also don't know what your contract said about an inspection clause, and Your requirement to cancel the contract during that period.Generally, an "inaccurate" or "difference of opinions" about what a disclosure item means, does not nullify a contract.

and it wasn't caused by negligence/poor wiring/etc., just one of those freak things.

My lender estimates have only gone up by $50-$100, it's negligible.

If you are truly doing something negligent that you would get sued for, it is unlikely that your LLC will provide the protection that you think it will.

Parts of the floors were sunk in, I think the guy took a mobile home and cut one side off and butted it up to his SF becuase you could open a window that was flush against a brick wall, and the house that was once really nice had been wrecked by negligent family and the effects of sitting there.

Her fees are negligible.

Because this is the beginning of a long term mortgage, equity buildup for the first 10 years via mortgage amortization will be negligible.

But that was my own negligence.