Desperate landlords and landlords running at a loss.That should hopefully give you perspective on how to handle on her“well we did spray down, we did(on the lease) lease the property over to you declaring it was in pest free condition.

Also depending on how you establish/declare what kind of LLC it is, there will be different/beneficial tax implications.

.- If you truly are a self-employed independent contractor, then declare your income honestly when you do your taxes.

This section of the IRS states that "trust" refers to an arrangement created either by will or declaration whereby trustees take title of real property for the "purpose of protecting and conserving it for the beneficiaries."

I'm going to assume this was muscle memory from underwriting when sending stipulations to the loan agent. 

If you did use an agent, you're pretty well stuck with their crap, except for the bit you mentioned about being able to challenge the declaration.

For example, would I just declare your properties under my umbrella policy (let's not even get into if my insurance company would accept it since I'm not anywhere to holding Title)? 

If it is a pipe, then the ownership of the pipe needs to be determined from the Condo documents (declarations and bylaws).  

Those are great, but they're really about the mechanics of building a model as opposed to building muscle for the assumptions. 

But, you have to have the base coverage first.When having everything under your personal name, the umbrella will provide the additional coverage for everything your own personally and declare on the policy, For example, auto, your personal home, etc.