As an example, when I have had a conflict arise, I can usually upgrade a guests to a nicer house for free to resolve any issues- no ding to my rating.I think the question is different. 

I also likely will not be doing any of this for at least a good 6 months or year, I am just trying to be prepared for when an opportunity arises later on.

., profits and losses "pass through" and are reported on the owners' 1040).The LLC exists to insulate you from liability in the event there is a claim against you or your business arising from the property.  

Finding a contractor that would be willing to accept any future liability that might arise should it happen are slim to none.

I know it's strange but I had never thought of being hit on by contractors as on issue that might arise.

I agree with Ken, deal is this is really out dated and I find myself having opinions as a moving target since the laws were drafted, adopted, modified, opinions issued and to date we have other related compliance issues arising. 

If you are investing with a seasoned and successful sponsor they should be able to navigate the waters of an unforeseen event if and when it arises due to their experience.  

The nice thing about this is you are right there when problems arise and you learn real estate at the ground level. 

But consider: if you're phenomenal, you probably have better less risky things to do right now than to roll 10MM twice a year on flips in the Greater Seattle market with dwindling margins and the possibility of a correction that stresses you greatly, puts your capital at risk, and possibly wipes out a large percentage of it.What I wanted to point out is this:  flips are short-term and the short-term picture in Seattle has risk from both narrow margins and a rising probability of a short-term market correction, but the long-term picture in Seattle is excellent.  

If you can't locate your tank go to the local health dept they should have the dimensions on file, ask them for the "As-built" plan your contractor who installed the system should have filed with the town upon completion of the work.If your tank is any deeper than 12" into grade you may want to add what they call a "riser" with cover over each cement cover of the septic tank, or at least where the pipe enters the tank and exits the tank.