However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

I'm just not sure if I am opening myself up to liability if the extinguisher for some reason didn't work when they tried to use it.I have always had one in the kitchen and it's never been used. 

They will react quicker than you think just to avoid liability and a fear of long drawn expensive legal battle.

Fix it and fix it right...it's how you protect your property value and limit your liability as a landlord. 

I have my SDIRA set up and funded Now i m looking for any & all advice about the buying process / liability issues / etc I have found a good deal on a duplex & i have enough funds in the account to buy it outright however ideally i would like to not be “cash poor” for lack of better word within this account. ( Ex: If i find a 200k property for 100k and it cash flows, and i have 100k in the IRA, i would like to cash flow it and sit on it for long term gains ) - is financing within an IRA allowable?

Is the seller willing to sell to the LLC and and you have no personal liability for the mortgage?  

Since your questions are directed to "CPAs"My answer might be wrong.Balance SheetAsset:$100k would be building/land$5k closing cost (balance sheet)Liability:$75k Mortgage Payable (liability)Equity:$30K ($25k down payment + $5K closing cost)Escrow Tax is a balance sheet item, not the income statement.

Any correspondence between you and the borrower opens you up to liability.

Something along the lines of, if landlord is unable to deliver property at Xxx by Xxx, then landlord shall refunding holding fee to perspective tenant, without any further liability to landlord.

Most syndicated offerings are already structured as LLCs and as a member of the LLC your liability is already limited to the amount of your investment.