Someone would have to sue (and win) for about $2.5 million before it would take your assets.The average Landlord will never be sued over more than a security deposit dispute.

When each of you have equal “power”, disputes can be frustrating.  

If a dispute doesn't work, ask the lender to order a new one.

Thorough documentation helps if there are any disputes about damages at the end of the lease.

There should be a Resolution stating who has authority to sign and most title companies will require that.

The vast majority of legal disputes come out of being a dual agent and it is never worth losing my license and business to make a few bucks.  

Second the police do not get involved in any landlord tenant dispute unless there is a valid court order like an eviction order from the court demanding the tenants be removed.As long as the tenants have established residency.

They are just connecting us with the seller and we handle the negotiations, value dispute with the bank etc and if we close they collect the commission.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I believe if you had it appraised and were to dispute the appraisers value then they would have to consider your appraisal.