@Grant Rothenburger thank you, to keep from limiting myself, im open to small or larger sized properties.

(b) Plumbing facilities which conformed to applicable law when installed and which are maintained in good working order.

The benefits for you are that you have limited risk if something happens to the property it's less risk for you personally they go after the LLC unless the problem was your negligence and then they can go after you.

Design Development  Construction DocumentsThe design requirements will include but not limited to:   Installation of new plumbing and electrical systems with separate electric metering for each unit  New gas top –vent gravity natural gas wall furnace and air conditioning system.

The difference in cost to the tenant to have higher limits is typically very small. 

Other than that our experience and knowledge of the area is limited.

Typically in my (limited compared to yours) experience most issues come up shortly after moving in.

Contracts and laws are state specific so you want to find a real estate attorney in your area gor applicable paperwork and rules 

If it's within an LLC, that limits that.

People will want the convenience of being able to walk to the beach with all their stuff vs. having to find a parking spot in the limited public parking areas.