- Replace the flushing mechanism about 20 bucks or replace the toilet with a water efficient one if holding long term. 

A member or manager is NOT PERSONALLY LIABLE for a a debt, obligation or liability of the LLC solely by reason of being or acting as a member or manager. (2)The failure of a LLC to observe the usual formalities or requirements relating the exercise of its LLC powers or management of its business is NOT a ground for imposing perusal liability on the members or managers for liability of the LLC. [1993 c. 173 section35; 1999 c.86 section 10.]

But I think you would need to follow the same route or similar route as a mechanic's lien.  

That includes a destroyed futon, broken window (the locking mechanism) and other small things.I guess it depends on what you mean by issues.

If 2008 was the failure of capitalism, massive new regulations, controls, and taxes might make sense.

I used to think that most investors purchasing mortgage notes were clueless as to the mechanics of how it worked.  

Failure to file the form (#3840) will result in retroactive tax recognition in California. 2.

I’m actually not worried at all about the mechanics of managing the property, but California’s non-landlord friendly laws scare me to death. 

Small towns still need mechanics, plumbers, engineers, lawyers, etc. 

Don, you spoke of the "guru" with shady past, and all the guided setup for failures.