You are correct they handle by PM company liability I have prudential personal liability.OK, yeah, and they (Coterie) doesn't offer commercial umbrella insurance (or personal) so I was concerned you might not be covered correctly.You have a personal liability umbrella through Prudential?  

You will be personally sued along with your LLC.  

And ensure to not intermix the business and personal between the two. 

I'm willing to help this person in any way I can.

Does the LLC file its own tax return, or do you report the activity of the property on your own personal tax return?

I'd love to hear different perspectives and insights on this.On a personal note, I'm a husband and father of two.

Does someone have experience buying a foreclosed property and keeping the existing person/family living there and converting to a tenant? 

My wife and I own it together, but i may be able to buy her out and keep it as a short-term rental without spending all my personal capital.I’m looking for advice on financing options, buyout strategies, and any creative solutions others have used in similar situations.

I'm willing to help this person in any way I can.

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.