It's not clear from the site the level of expertise of the people who go look.  

I assume you want the liability protection of your LLC? 

Environmental Protection Agency estimates that toilets consume 27 percent of indoor water usage.Property managers and landlords sink 25 to 35 percent of their operating costs into utilities, while water costs, in particular, are up an estimated 200 percent in the past 15 years.Meanwhile, small, barely noticeable leaks may add $900 to yearly water statements, with larger leaks totaling, in some cases, $4,000.

I've read that you should 'have a lawyer set up your LLC' for maximum protection.

Statues limit the bank's responsibility to 12 months of dues or 1% of the original mortgage if they take it back through foreclosure but there is no such protection for a 3rd party bidder.   

So reasonably timely responses is expected.As far as expertise, we would like someone who is familiar with multi-family investing, preferably experience with clients who have done syndications, 1031 exchanges, etc. as these may be in our future.

RAsset ManagementProspective Buyer shall indemnify, defend, protect and hold harmless each Owner and Agent from any claim or demand by any person or entity entitled to receive from Prospective Buyer and/or Registered Broker or for its account any brokerage commission or finder’s fee in connection with this Agreement or any possible transaction, A Private Brokerageany claim by any party (including Reviewer or any person associated with Reviewer) of any right to any brokerage commission or fee

Always do the analysis numbers and try to look at it before you make an offer or at least have a clause in the sales agreement contract that will allow you the time to get an inspection and possibly back out of the deal if you want to without a penalty greater than your earnest money.When you close on a property, right after it, get an insurance policy that will protect you if there is a loss.  

They are in an HOA for the common good of a rental property to maintain exterior integrity and protect against a slum lord driving down values through lack of maintenance of the rules of a community or the repairs and landscaping needed to attract great tenants.  

I want to have a little but of protection with a contract.