I chose to build my PM business from ground.To create a working system and to organize processes is difficult in the beginning, but to my experience it is possible to create a working model based on personal knowledges and then to provide a high level of service to the clients.

Or steps  Never recommeneded if I was the GC as what if the person does not sell the home or it sells for less than what they owe the bank and the GC? 

If nothing is mentioned about it then I don't get them personally. 

A loaf of bread is $7.The last thing you want to do is lose a great cleaning person over $25.

IRS liens follow the person so they might be willing to negotiate.

@Ahmad Aram It can be harder to purchase homes using an LLC as opposed to your personal name.

Thus whatever deal the person is marketing better have some strong financials and considerable equity of their own in the deal.This is just the reality of todays market place

More specific: how do you personally keep records? 

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

I also know that in many cases the llc will protect my personal assets and I fully believe this is either analysis paralysis or just fear of failure.