This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Use customized leases with state-specific templates and consult a lawyer for complex issues.

I am sure every state is a little different or have nuances but for sure as Greg mentioned materialmen can file a lien and then just wait.. the other thing they can do is a court action for unjust enrichment claims.. those are the two ways Materialmen protect their interest at least out here on the Left coast.. 

I would add research your state's creditor protection laws and think about keeping an open ended line of credit if you need to deploy capital later

We use a custom spreadsheet and DealCheck to break down key metrics like cash-on-cash return, cap rate, and debt service coverage ratio (DSCR).

The LP protects against this as well as losing everything in a potential law suit. 

I’m very big on having the proper customer support and making sure if I buy something I can contact their support to get more info/refunds etc.

Depends if your state or local laws have Source of Income as a protected class or not.

I think this gives me good asset protection and allows me to take advantage of leverage. 

I'm looking at a duplex opportunity that says "Corporate tenant, PadSplit has a low-risk 2-year master lease that protects your investment and alleviates landlord headaches