Except he got it under contract before I did.

I would love to make legal exceptions for people who want to do better, but I can't for reasons already mentioned.

Relationships are key, but with little exception, loyalty is not rewarded in this industry.

At the same time no matter how much excess insurance coverage you obtain, there will always be a policy exception for gross negligence and even negligence will likely be covered only under reservations of rights meaning the carrier can opt not to provide coverage. 

With the exception of a few states, transferring your property from your name to an LLC will not hide your identity, given your name will still be identified on the public record as a member of the LLC. 

Funny enough, I ended up renting the property to 2 different parties this summer, both of which commented that it was exceptional value for the price point.

Hmmm...the land was vacant (except has lots of illegally dumped trash on it). 

It is also my opinion that our city rental inspection department has been especially unfair with out of state investors lately, and is trying to blame everyone except themselves for our deteriorating old housing stock.

This is not much different than any investor who retires using real estate except that markets and life are not that linear.

There is no one living in the 32 units but the other units are occupied except for one unit.