Expertise in cash flow, expense analysis and financial controls.  

And unless there is some historical protection, I'd be very surprised if grandfathering were allowed - but meeting with the folks at the building department should answer the vast majority of your questions with an accuracy that cannot be provided here.A company that specializes in house moving should be on your list of calls.  

Perma-bears love precious metals, and try to stay primarily in these physical goods: Risky.I think a diverse and balanced approach is your wisest path toward financial health and asset protection.

The advantages I see with that are that you can bring in expertise that you lack, along with being able to take advantage of some economies of scale.On the other hand having 100% of control of a deal and not having to answer to anyone else sounds divine.Curious what BP thinks about this.

I have only looked at LLCs as asset protection at this point and didn’t fully understand I could use it that way.

@Joshua MusquezIt doesn't sound like you have anything to lose or protect.  

I’m studying the pros and cons of LLC formation in general for longer term liability protection.

To answer your original question, the quickest route is simply to leverage someone else's expertise.

It may take a little more money and management but you would have great protection in the event of being sued.

But this is not what I was asking about.I just need to know what we can do to be able to go through with this deal withoit testing/fixing now, before sale and still be be protected legally - short of buying the house, testing, finding there is some lead somewhere beneath the many layers of paint this house must have collected since the 20's (it will be for sure), kicking the renter out to fix the problem by paying a lead cert contractor to strip off all the paint (large expense).We cannot do this now - or maybe not even later.The seller (current owner of this house) bought in 2014 without testing and simply disclosed "I don't know".