Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Not getting at least a title search is off the wall crazy.Land contracts/trusts will work but they are passive trusts and individual liability will continue. 

I could definitely appreciate your purchase if you are running a more active and construction based real estate business but I have some qualms about liability and would want to know more about your business structure.   

So the major reason for the claim denial was the clause about the fence and security.... but they have admitted that clause was entered in error and should not have been there...doesn't that shift the liability to the the company the entered the clause by error? 

Keep in mind any premises liability, landlord tenant, contractual dispute with a vendor that performs services in CA will be  resolved in CA if that's where the real estate is owned and operated. 

Some other things to consider would be liability insurance, max occupancy in the property, staffing.Any insight would be appreciated!

When investing in any type of real estate in the U.S. as a Canadian, the entities that you set up are so important from the perspective of avoiding double taxation and legal liability.

In the event you underestimate the section 1245 assets, an audit would simply result in an positive adjustment for the tax liabillity.

The other issue is that you want to protect your personal assets from liability caused by your rental property.

Sorry, Unfortunately Voice to Text didn't work.First Point, is as a society we look at home ownership the wrong way, a personal residence is a liability vs buying investment property which is an asset.