I agree with the liability risk, at the end of the month I have to figure out a way to keep the door shut since my little ones are coming.It would be cool if it were somewhere closer to civilization, and had an upside.

as I would lost coverage and according to him, the only coverage that would allow those dogs would exclude any liability associated with the animal putting me and my family in danger.Other reason is that according to the fair housing act, Applies to virtually all forms of housing, whether for sale or rent.

Which if you have a loss, they consider it a liability not an asset.

@Steve Osowicz Sports complex sounds like a project which would require semi-active management and comes with extra dose of liability (could be wrong on the latter point).

That is why many investors choose to form separate LLCs for each property they own, to limit their potential legal liability in the event a tenant, contractor, handyman, etc sues. 

The sellers mentioned they knew nothing about it.For stores rented to dry cleaners, are there any contamination issues which greatly diminishes the value and imposes liabilities for current and past owners?

And if you are warrior about liabilities make sure your insurance coverage are on point and look into umbrella policies.Make sure you get an updated rental form as laws may have changed.

“If you can make life easy for me, I’ll agree with your price,” I asked them to refinance their home for the $900,000 subject to a one-time qualified assumption with the release of liability.

Regulations with asbestos and lead are in place and its worth having a licensed contractor address the issue particularly from a liability standpoint.

I keep a spreadsheet of who will lend to LLCs and here's who I'd recommend:Servis1st BankCB&TSunmarkColony BankHere's some more that I haven't gotten around to asking yet:Heritage Bank of the SouthAmerican PrideState Bank & TrustMidSouth Federal CUBB&TAnother option is to put the building in your personal name and get a conventional loan....but then you are opening yourself up to all kinds of personal liability (times 10 since there are 10 units).You could also start asking about a regular business loan.