Our lease states that any damages/repairs to appliances or our property resulting from negligence or improper use will be billed to the tenant.

The Sub-2 seller can throw in damages from credit being destroyed to some extent, it gets very complicated as to who is more at fault, contributory negligence and liabilities created.

No one allows someone else to get hurt unless it is complete negligence which is usually not the case.

You will only be at risk for the amount you contributed and you will be protected in a suit if one of your partners acts negligently. 

Landlord insurance and not doing negligent stuff is the first line of defense.

If you have to pay it, you can usually roll it back into the mortgage, which means your monthly payment increases by a negligible amount (probably less than $10).Also, if you purchase a property at a large discount, then you can avoid having a large down payment stuck in the property.

If something happens in your property and -the tenant (let's say) sues you, -they have to win the suit, -you refuse to settle, -it's not a situation of negligence in which case you're personally liable anyhow, and -the judgment comes in above both what your insurance will pay and the value of the home owned by the LLC...then normally the rest of your assets would be shielded.

If there is a problem and someone is hurt you can be found guilt of negligence rather than the situation being called an accident.Decide how you will make your money.

I felt bad for him until he hired one of those TV injury lawyers to sue me claiming that I was negligent.

I've been ripped off on projects they managed for me, I've had them place tenants that had just been evicted from other properties, I've had them ignore tenant complaints about leaks and other MAJOR issues, all of which became MUCH worse due to negligence, I've had managers fail to get occupancy permits and have paid a steep price for their failure to do so, and on and on . . .If a manager has done something wrong, it has happened to me.I'm a bit jaded now, as I'm still dealing with the fallout from this 5 months later.Want my advice?