You can’t evict, you can't foreclose and a lot of sellers wind up either trashed credit or in a lawsuit.

I have seen crazy BS lawsuits over the years over nothing, just a tenant screaming they have been discriminated when we all know its BS.

No, it doesn't afford you more protection until a) You have something to protect b) You maintain everything precisely to the Operating Agreementc) If Your attorney will defend you in courtd) You throughly understand what you are doing and what it protects and what it doesn't protect e) You understand how to direct your attorney in a lawsuit in the event you need all of that faulty armorWhy not get an umbrella insurance policy and get the same protection for far less hassle.

It'll be an interesting case to follow when lawsuits start.That could be a marketing tool.

Any lawsuit on seller can get recorded on title as lis pendens and eventually be a judgement.No down payment and 5.5 rate are great plus(es).

This system takes into consideration economic factors.The City of Eugene is attempting to pass a 5% limit and if a landlord goes over that limit up to what the state allows, the tenant can demand 3 months of market rate rent in relocation fees, meaning a landlord would have to pay the tenant $4500 to $8000+ in relocation fees.They have also capped screening fees at $10.00 per applicant, which a lawsuit was recently filed over, they are attempting to limit deposit amounts, they want to make it so that a landlord cannot require over a 500 credit score and will only be able to require a certain amount of income for qualifying. 

If you think about it having offenders be desperate is not a safe way to go for society so there is that too.It is possible he has support legally so I would be careful how you reject him and reject his application is what I would do if I felt sure I would not end up on the wrong side of a discrimination lawsuit. 

Originally posted by @Michael Ablan:@D Mack -  I think banks are required to report anything over $600 now That has NOT been signed into law and banks are filing lawsuits to prevent it.

I think you are opening yourself up to a serious lawsuit if you withhold information like that.

The lawsuit will cost the plaintiff (the one suing, about $25,000 and the typical lawsuit runs about 2 years.