Also no judgements >$2000 in last 3 years- worried about my tenant getting garnished. 

We allowed our relationship with her to cloud our judgement.

When water dries up development is limited.I saw a report on TV where a weatherman was saying Texas is in line for a drought cycle for up to 10 years out worse case.It seems like if your state could just get the rain other states have too much of you would be doing really well.

I have a judgement from a former evicted tenant.

My plumber buddy is getting all of my repipe done this weekend(in the rain it looks like) so hopefully come Monday we'll have that completed.

What if they get behind on some finances like taxes or don't pay a contractor or get in an accident and a judgement gets applied against 'your' property?  

If you have each llc with sufficient capital, who knows exactly what that is, but for discussion, lets say $50,000 and insurance on top of that....ok, you are likely fine on the personal side...they just wipe out the llc....assuming of course they get judgement.

Just takes all day to pump the water out the basment when it rains.

Currently I have a Nest cam on it so if we get any rain, I can monitor it from my phone and listen in/watch to make sure it's starting.  

Meanwhile the current tenants were running the drier while we were there, and all I could think of was the liability of have electric components and puddling water.I have now been to this home twice, the first time there was some dampness and today in a real rain there were actual puddles in the basement  If anyone has any advice on this, I would love to hear it.