When you buy a house built in the 1800s, you will encounter problems, no matter how much work has been done to it.

If you're not accepting the payment in person, that could be an issue as people are afraid of being scammed.

I believe what David was referring to is that he had several paid off properties, which allowed him to be targeted for a some sort of quit claim deed scam, or something similar. 

However during my research I encountered that the City of Jacksonville (COJ) zoning laws states "dwelling units may be for owner occupancy or for rental or lease on a weekly, monthly or longer basis."

Is this a scam ?

The market value of that land is $2000-2500/acre - about $48,000 to $60,000.What idiot would fall for such a scam, especially in this this red hot market?

Are you sure this is legitimate and not some form of scam?

You had investors lying out both sides of their mouths about completed renovations, outlandish scams running all the time, groups of investors or the really big boys pumping up whole blighted neighborhoods to raise recent comps and then selling remote-appraised blocks of houses at a time...unless the appraiser actually gets into the house, there's just too much leeway for lying.

I inspect my properties at least bi-annually - primarily to make sure the air conditioning/heat is working well before the seasons change - but this clause is helpful in the case you encounter tenants who need encouragement to clean up. 

Although it may provide some level of protection in some cases, it's not an impenetrable barrier, and depending on several factors you still may be exposed should the LLC encounter liability events.