There is a good reason to have inspections done one being to avoid law suits against you and avoiding unnecessary cost duplication due to potential tear downs an inspector may order.

These tips are rather generic, and you left out some crucial data points:Eviction Records Check - Most tenant screening tools will check nationwide county court records for eviction lawsuits (sometime referred to as "delinquent tenant" or other similar terms in court records).

The Llc option makes for more work..but I have also heard that in case there's a lawsuit and you have an llc..then it isn't impacting your personal credit and record.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

Hey @AJ Cerbo, so an LLC is supposed to be a shield from lawsuits.

And I doubt it's lawsuit-safe to say it's rented to someone else until such time as it's actually rented to someone else.

What happens if you dont win the lawsuit with the quiet title action lawsuit?

The second they start having voting rights, they'll likely be liable beyond their initial investment in the event of a lawsuit or some similar event.

Low probability you'd get a lawsuit but bricks can be nasty in slip-and-fall situations.

In California if the complex is less than nine years old law firms will entice the Board into a class action lawsuit which benefits only the law firm.$300000 condo in California is ONLY inland not likely in "Good areas" as you phrase.