Most auctions are all cash.Nowhere did he come up with the balance to actually pay for the house.

If done properly you should never have to worry about them again. 

Any tips for finding the right balance for these conflicting age demographics?

If a deal is set up properly you do not need to have money to buy it.

Tell:How do I provide valueMy future goalsMy current financial info (2 years tax return, pay stub, 2-3 month back statements, outstanding loan balances)Appreciate any feedbackThank you,-Dan Monk

The person I hired to do the work said everything was working properly and there were no leaks for a few days.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

What is the proper way if any to safeguard yourself from such lawsuits?

CEO/President does not really matter, but you should get legal advice to properly draft an operating agreement that you anticipate will sell securities to raise capital.

I don't see much downside to it other than the fact that the property tends to be noisier and you will have to deal with problems at random hours of the day which might affect your normal living situation.This can of course be minimalized by screening your tenants properly and choosing who will share a property with you.The upside is that you will live for much cheaper than paying rent or paying a mortgage by yourself.