Meaning that in the unlikely event one does go out, it will go totally unnoticed.In your situation of track lights; I would assume that they are run off of a ballast and are exposed.

If your research reveals your potential tenants are members of a protected class and you don’t offer them the rental unit, you could be exposing yourself to fair housing complaints and lawsuits.

If you provide tenant placement services without being licensed then you're exposing yourself to legal liability.

I recommend two books, How to Flip a House by Brant Phillips and Flipping Houses Exposed by Danny Johnson.

So basically I had all this land exposed in my name, what happened if someone got into an accident even on my vacant land?

The members of an LLC are issued K-1 Form and have to pay taxes on all profits as though it were income, which could expose the owners to high employment taxes.

The broker you are supervised by, as well as the brokerage firm holding your license, would be similarly exposed, which is why many brokers will not hold the license of agents engaged in wholesaling.It is important to know and understand the legal landscape before undertaking any endeavor.  

The IRA would be on title and the loan would need to be non-recourse, meaning no personal guarantee from you.The non-recourse lenders that would look at such a deal would likely want to see about 35-40% down and 10+% in reserves in the IRA.The use of debt-financing in an IRA exposes the IRA to UDFI taxation.  

They have to be properly exposed with proper documentation and even after all of that you still could be liable.  

Flipping Exposed...I think.