My only eviction has been a family member. I

Having said that, if you are at the property regularly and deal with the tenant directly, they will likely figure things out.Fairly certain (happy to be corrected) that the LLC has to list who the managing member is and I'm not sure the lawyer will want to take on that responsibility as that means they have to sign all documents.Landlord insurance is with respect to the property insured; typically ~$1,000,000.

6)The seller’s estimation of FMV can be relied upon.

The LLC of which your IRA is member is intended to be utilized to make investments on its own behalf.

If they need new siding, they hit you with a special assessment, if the building needs to be re-roofed, they hit you with a special assessment.  

Being a board member is such a thankless job.

If they ask make up something that is not going to cause personal emotions ex. you are renovating the unit, your family member is moving in, ect

One deal i'm working on for a BP member is a 2 step process. get construction loan to rehab the property, steady the rents and then do a cash out refi 6-12 months later.  

You'll be RE-4'd in a month, tops.

Very relevant to me as a service member. I