.- Sectio 8 also requires taxes be current.3) Insurance: we require an owner to add us to their policy for liability protection.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.

I was approached often in California to be an rmo and even though the money offered was quite good, I passed, because of the work required and the liability.

Especially from a legal liability perspective.

A single member LLC regarded as a pass thru entity has no tax liability of its own.  

I don't see how the LLC will offer you any liability protection in this scenario.

Before asserting the tenant's liability, I would encourage you to seek legal advice in the state where the property is located and move forward from there.

Create an LLC: Forming an LLC for the partnership can protect each partner's personal assets from liabilities.

The best thing you can do now is see what your state requires from sellers and wholesalers, and if there is some coverage by the state for liability on the wholesaler, then you can go after them for these issues and even the seller.

A syndicate is already an LLC or a LP so I don’t see any added liability protection by having a second entity layer.

Tax loopholes are provisions in the tax code that allow taxpayers to lower their tax liability.