Also check if the property is in an hoa for possible dues you may inherit, current/past due property taxes, etc.In addition I suggest U simply attend one to get the lay of the land.. see who the players are  how its functions etc.. most jurisdictions have their set rules they follow and are unique to that county..  

Follow this and it's going to go a long way in protecting your money in any turnkey market.Don't buy in the roughest neighborhood in the urban core.

Having a lower LTV keeps the bank protected in the case of default. 

The person with $10 million net worth needs to have more “asset protection” measures in place than the person with a $10,000 net worth.3.

Will the money partner be able to protect his/her interest through a security arrangement in the property or in other property?  

If you ever need anything let us know.I have never met a Banjo player, VERY COOL!

Most good, some bad.So what's the best way to protect yourself?

You want to insure title to protect yourself.

So make sure you're protected before you fire.Regarding not passing inspection- That can be a crap shoot.

If you switch out to personal name, your insurance policy is no longer covering the rightful owner - you.Also, once it is in your personal name, you have now lost the liability protection from holding in an entity, therefore, you should increase your liability insurance as a covered precaution (assuming you have other personal assets to protect).