Read my generic LLC advice below.

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

I know this is a personal liability/risk question, but I'd like to focus more on usual policies and prior cases if this would be sufficient to most?

Did you go this route and if so, how did you fare? 

Hi Brant, glad to have you as part of this community! 

What made you interested in investing in this type of deal?

Does anyone know when this went into effect?

You don't want this to ruin your relationship with your daughter.

Do you know how to read the credit/criminal background?

I wrote a BP blog about the processes we use, you can read it here.