There is a definite liability to being a "GC" of the project, vs the I didn't realize, my contractor didn't tell me I thought they did it ... for minor things

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.

I'd recommend having them help out with the contract portions, if anything to help with liability concerns.

No monthly checks. yeah personally a perpetual easment is a liability in my book that will hinder you if you go to sell the rest of the land. 

It just helps... limit your liability to that property.

.: Quote from @Chris Seveney: @Dana YobstBlows my mind how he is out there still teaching classes and going on as nothing happened but it sounds like these debts are not getting substantially paid down.As many of us know, one of the main reasons he's able to continue on is with the help of this other self proclaimed criminal https://weclosenotes.com/ep-nc-03-protecting-yourself-using-a-corporate-veil-with-aaron-young-from-laughlin-associates/ Using a remote entity to limit liability is a life blood of insuring investment into all types of job creating, life saving and life improving business development.  

In arbitrage, the owner gets a flat fee and the operator can take all of the additional revenue for themselves without taking on any of the liability. 

The federal and New York tax credits reduce tax liability but don’t provide direct cash, so the effective monthly payment may rise if credits aren’t reinvested.

So all that happens before and during construction would be done under our name, not yours, which would remove you from the potential liabilities.

Great posts - Asset protection is a legitimate way to guard against personal liability and contain liability to a single entity.