Generally you can fix or replace anything in the house, but a lawsuit could bury you. 

Everything I have read and learned indicates that it is a wise idea to flip houses under your LLC name as a precaution against lawsuits.

The house is a 3/2 approximately 1400 sqft (older home with a few nice updates; vinyl windows, new HVAC) but here is the kicker it also comes with a mother-in-law suite in the back.  

However, there is no guarantee that the SEC will view the offering the same way; the best you can do is get an opinion of a qualified attorney who specializes in securities law.More troublesome for this type of "general" private offering exemption is that in the event of a lawsuit you may lose your statutory defenses; i.e., a non Federal judge may decide that your offering did not qualify for the private offering exemption or that you did not fully disclose the risks associated with the investment, and your legal defense would be severely hampered.In order to rectify this scenario the Security and Exchange Commission has issued "safe harbor" rules, the most popular of which is Reg D 504 b or c. 

@LeArcashei Moore An umbrella insurance is a type of insurance policy is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future.

Jay is spot on... if a lawsuit or demand surfaces and you purchased owner's coverage you just make the claim with the title insurer and they take over from there including legal defense... which is one of the most important aspects of title insurance.That said, if this someone you "never heard of" turns out to be someone you knew full well when you purchased title insurance was going to make some claim... well then that becomes a much more interesting scenario.As to what the title insurer does... they deny/disclaim coverage based on some exclusion in the policy or they settle or litigate the matter.

Or at least pointing out to your tenant how the filing of a small claims lawsuit against him for nonpayment of rent might affect his eligibility for that Below Market Rent apartment?

Well, she also had just split from her husband and started dating a lawyer who specialized in-GUESS WHAT-MOLD LAWSUITS!!!

More than that and you're looking at a lawsuit.

___SalonFacing fraud lawsuits, former "Fox & Friends" co-host Clayton Morris flees UShttps://www.salon.com/2019/07/...