You never know what might happen (he moves, gets another big job and doesn't have time, accident (god forbid!)

I found this completely by accident looking for one of my old posts!

We're in New York currently taking care of my mother in law who had an accident a few months ago staying with us.

Unless you specifically set out to make your property a horrific deathtrap, you will never pay out anywhere near that amount in court.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

If ever there were an accident or a fire for instance, the owner would be criminally liable.

I (very luckily) accidently stumbled across this site through my past research of investing in general. 

I recently came across BP by accident but got hooked instantly.

I just research the heck out of anyone that I work with if possible....even if they were legitimate, I don't want to accidently help a terrorist etc. move money around.Here is the website if curious: www.cristalnaturalminerals.com

Thanks Jon for your replay: Actually I'm asking many question in one. let me rephrase.1_ How do you protect your property from any lawsuit a) by tenant, etc "inside". b) lets say a car accident "outside". 2_If you buy a property (cash), you can buy it thru your LLC and depending in which state is the property it will have inside or insisde & outside protection.3_ if you buy a property (w/ mortgage) you can still move it to your LLC (correct?)