They are good at covering small claims, but if a true negligent or 'fraudulent' accident happened, they will challenge the claim and then yo will be stuck defending yourself in a lawsuit while at the same time sing your insurance provider.

As well, in a worst-case scenario, I suspect this could be considered fraudulent. 

When you see "subject to my partners approval" or 30, 45 days "inspection periods" these are typical FRAUDS AND SCAMMERS that entered into the contract under fraudulent reasons.

Robert Kiyosaki said that people who were buying on pure appreciation and taking large negative cash flow were just gambling.  

It's a gamble for sure though. 

Thanks.My layman understanding (ie I'm not a lawyer and you should consult with one for any legal decision) is:If you transfer your property to your LLC, you need to get consideration for it (ie share, beneficial interest, etc...)Then you need to manage your LLC as a business separate from you (no commingling of asset, proper documentation of meeting, proper administrative chores, etc...) as failure to do so will probably pierce its veil of protection.Except for that, unless your transfer is reversed for other consideration (like fraudulent transfer to avoid an existing creditor), your LLC should provide you the inside and outside liability offered by the LLC in your State.

If you don’t know what to do next, you have no plan and without a plan, what you are really doing is gambling.  

@Daniel Tisdale"Normally, I would absolutely run away"  What you are suggesting is that you are ready to supress your investing instincts and gamble.  

It's still a gamble though.

I'm actually the worst person to gamble with.