Cost to defend yourself is usually more than the security deposit was in the 1st place.

It only lists myself as the named defendant ("owner") - not the PM company, who the tenant had the lease with.

(In other words, my ideal retirement location if I can tolerate the humidity after 20 years in Vegas.)It’s an example of why you’ll see me as a defender of negative cash flow rentals still making sense.This property is about $200/mo negative, but it pays off $1870/mo in mortgage balance. (15 year loan).

Should an audit occur, you need the firm to stand behind and defend you by then delivering the asset detail to support the conclusions. 

So if you structure the move correctly, you can defend your partial exclusion position.

Unfortunately, as you probably know, it still takes time and resources to defend a lawsuit you will win. 

That way, your story is out there and you show the reader that you tried hard to correct it without having to defend a bad review after the fact.

An aggressive attorney can get a lawsuit filed on Day 8 and take a default judgment 8 days after that if the defendant does not answer.

While many new or less knowledgeable investors see syndication as a holy grail, the truth is that it may or may not fit your plan, it may or may not be achievable for you depending on your knowledge, skills, track record, experience, and ALWAYS carries a risk of having to defend lawsuits when investors are unhappy with results.  

The REO title company  typically will Not search for these unrecorded liens and they will exclude them in their Exceptions, Section B on their title policy/commitment.As for the “Warranty deed” here in FL we have a Warranty Deed (in which the seller is agreeing to defend against All title claims/liens/defects) bit we also have a Special Warranty Deed (which is what reo’s use, that only guarantees against title issues While The Current Owner Owned It, nothing that occurred before.Always use a Local title co. to the property......different cities/counties have different depts and ways these violations may be obvious, but a local title co know where to look.