When you have questions arising from the material, post on the forum. 

Of course, no lawyer can think of every single scenario that may arise, but aside from actual litigation issues, the goal is to never have to get to that point.

Being both an investor and agent is a good place to be as long as you mind all the liability issues that arise from marketing your own flips (not advised).

In general, it's a very useful book and can help you find answers to questions like these before they arise.

As I see it, if a tenant lawsuit arises from something the manager did, or should have done but failed to do, then the manager is not without personal liability exposure.

======Become a POWER LISTENER=== Here's a listening trick that I use sometimes.....lean forward and slightly towards them while they're talking and place your cupped hand behind your ear to increase amplification if a distraction arises while they're talking.

As for any pre-payment penalty, if allowed in your state, it should be; a penalty equal to that federal tax liability arising from any pre payment, with such penalty being added to principal and accrue interest at the note rate until fully paid.

Renewal fees and refiling fees arising out of filings required for changing members, events of withdrawl of members or modifying an operating agreement.

A pass through LLC may be able to manage or sub-let your property, some issues arise; 1. some states may require a management company to have a license, 2. legal suits, like evictions or small claims may require an attorney represent the LLC, 3. building permits need to be obtained by the owner unless obtained by a contract, so the LLC has operational limitations, 4. liability is limited, but this is over blown in closely held LLCs and running your books as the owner and the owner of the mgt company can have issues, greater care needs to be taken to keep things separate.

Because differences of opinion may arise between appraisers as to the degree of comparability and the amount of the adjustment considered necessary for comparison purposes, an appraiser should document each item of adjustment.Only comparable sales having the least adjustments in terms of items and/or total dollar adjustments should be considered as comparable to the donated property.2.