What type of document (such as a waiver of liability) specific to the ladder can we have our tenant sign that will protect me as a landlord? 

Assets - liabilities = net worth. 

That’s not an asset that’s a liability .

@Joe BakerGood question.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (CHECKBOOK IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

(Because applicant’s credit report would be accessible to you through the site, I would ask your agent to open his own account there, advertise your property, and deal with everything from A-Z - for liability purposes - like he would anywhere else.

Though it's not always true, I've seen that most of these investors are happy to be getting better returns with no hassle, no debt, non liability, no toilets, tenants or trash.

Some will be faster to work with, and some will be slow to respond or not comfortable with their liability to FHA and will not play.

Loan servicers can use some of the loan proceeds to buy out subordinate lien holders with payments of up to $6K, provided the subordinate lien holder agrees to releasing the lien and freeing the homeowner of all liability.* The lender can't require a cash contribution from the homeowner, nor can the lender require that the owner sign a promissory note at the closing.

But the coverage is for full replacement value covering fire/vandalism as well as $300,000 for liability if anyone were to get hurt during the renovation.The separate mortgages is the best method I could come up with for this project...

There are defenses to liability for property owners whose property is impacted by contaminated groundwater from an off-site source so long as you exercise what is known as "reasonable care". (2) since you will be using this for self-storage, this will be considered a commercial, not residential use, and many states have less stringent standards for commercial properties since people are not occupying the property 24/7. (3) If the levels in the groundwater would pose a risk of vapor intrusion (vapors migrating up from groundwater), you can install a passive sub-slab depressurization system (ssds) that acts like a radon system-capturing the vapors before they can get into the structures.(4) if soil is contaminated and you plan to pave the surface, this will generally be sufficient remedy if the soil contamination is at depth.