The seller was the most lazy person I have ever met.

LLC is more based on protecting personal assets from business liability.

I don't have personal experience with it though. 

That was essentially the entirety of my life savings.

If this area interests you @Angelo Proto, he would be a great person to reach out to.

Have had it happen in personal houses before, it was usually due to humidity in cities with high, high humidity. 

The seller needed to sell quickly due to personal reasons, which allowed us to negotiate favorable terms.

:-pI don't think it would be worth it, personally, unless your end goal was to relocate to Spain.

And, I just don't buy that GPs will liquidate the deal to finance their personal problems - if that's the case, then I invested with a GP who was irresponsible to risk their family's financial future on a single deal.

But as Frank Sinatra said ~That's Life ~.