We have five years to file suit before statute of limitations runs out.

The long end of the story is YES, Oregon does by statute recognizes internal liability shield for owners / members of an LLC.

Every state is somewhat different but each state has a condo statute.  

So review the statutes and then slide in some knowledge questions.

I know of no law in NJ regarding owner occupancy other than the anti eviction statute does not apply to owner occupied 2U or 3U.

I know the statutes are per-state (and I dont know Utah's), but some states can take as much as 15-20x longer than an eviction.  

If you want to go right to the source and look up Texas law on security deposits -- or if you're writing a letter to your landlord or tenant and want to cite the applicable law -- the relevant statute(s) can be found at Texas Property Code Annotated §§ 92.101 to 92.109.

IF... your foreign (not in NC) LLC has no "business" in the state other than property ownership, and your LLC does not conduct business as in executing leases using LLC managers (meaning hire property managers to perform all functions relating the rental "business", including the eviction process,) then you can invoke the NC General Statute exemption provided in NCGS 55-15-01(b)(11) under § 55-15-01.

Here is an example of the laws associated with utility companies (That I know of).https://www.revisor.mn.gov/statutes/2021/cite/325E.025https://www.revisor.mn.gov/statutes/2021/cite/327C.01https://www.revisor.mn.gov/statutes/2021/cite/327B.01From my interpretation "A utility may recover or attempt to recover payment for a tenant's outstanding bill or charge from a property owner where the manager, acting as the owner's agent, contracted for the utility service."

Look up your state statutes and case law on the subject to see what your liability could be potentially if you have an injured party (the seller) who presses the issue.Here in DC we are seeing many a seller lately being represented by legal aid on fraud by inducement issues with wholesalers.