If you don't want roommates you can target a mother in law suite property or something similar. 

It would be very time consuming to learn all of the state and local landlord-tenant laws and you open yourself up to so much liability in handling leases/deposits, discrimination lawsuits, etc.

The purpose of the LLC is to protect you from lawsuits, but that need is greatly exaggerated.

Most of my investors aren't ever accredited, not my niche.I know that TIC is another way, but my county already threatened me with a lawsuit if I proceeded with that route.Well, maybe this is the deal that isn't done... at least the way I was trying for.

If the lot is large and you don't mind animals, you could also rent the space on Sniff Spot.The alternative would be to build an in-law suite but that would be a much, much more expensive route.

As a high wage w2 earner, I have heard horror stories about wage garnishment in law suits.

Accidents, damages, lawsuits, etc. would be covered by having proper insurance.

I started to invest when i was 21 and had a portfolio in London and the UK which enabled me to be financially free if that's what i wanted, I managed to do more rehabs when i was younger as i didn't have kids, but as I found out on my first rehab in Sarasota, having a baby is not easy when you have a major rehab to do....I say go for it, like you say the worst case scenario is that you'll go back to Switzerland.If you look around south gate many of the properties have mother-in-law suites and you can easily rent those for $500 per month, you can pick up those homes for $100k, so you can live in the major part of the home the zip code is 34239 it's a great area as it's close to Memorial hospital, downtown and siesta key, also many students in Sarasota due to the University and Ringling School of ArtGood Luck, I love Sarasota as it's a little gold mine that so many people overlook, I hear so many people heading to Orlando, I think it must be so hard to find great deals there.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I write up a deed or in these cases involving multiple contesting parties, I will get a lawyer to make the deed.As always, I am full disclosure on my dealings in regards to tax deed and their limitations without quiet title action lawsuits.