My parents house flooded in Canyon Gate and I can assure you, since day 1 that it was accessible there have been signs up about buying flooded houses.

I have seen a surge in owners saying the PM's are not doing their jobs and if you rely on them to keep your values up, you need assurance. 

I work full time as a Compliance Manager in a pharmaceutical manufacturing company in Miami.

Hey thanks for replying Paul,And yeah i know right- imagine if im able to get away with it :P , anyway,i agree, the building code and law compliance was one of my first thoughts as well.

I know lots of people here are part time investors, who also have a day job, family, ... etc.Managing a real estate business means you have to wear multiple hats and have to manage: your Property Management Company, your Leasing Agent (commercial), your Lawyer (who reviews your leases), your Tenants, Insurance Company (to ensure they don't screw you), your financial institution, county, state and federal politics to see how those might impact your business, Tax questions/issues, Income and Expenses, your own LLC and its obligation and compliance,  ... etc.How do you keep track of all of this?

Are you in compliance with FL Chapter 83 Part II?

Last people wanted to buy it to live in, so he was adamant it was for investors only which I assured him I was.

I heard on a BP podcast that rent-to-own requires compliance with Dodd-Frank.

Your neighbor can always sue you, but a letter from your municipality stating that you are in compliance with zoning is all you should need assuming your neighbor cannot point to specific damage as a result of your pavers.

Any commingling between the 2 entities will pierce the veil and both entities can potentially be sued if anything goes wrong.You also have to be wary that creating more entities does create an extra burden with more paperwork, and extra costs.At the end of the day you need a balance between asset protection, cost and compliance.