However as a newbie, and with high RE prices in my area (Ontario, Canada) I feel it is natural that I am worried about personal liabilities.Although I understand there will always be risk involved, and am willing to expose myself to some risk in return for all that it offers, I was wondering what ways there are to hedge against personal liabilities.More specifically, I am wondering if there is a corporate structure that I can set up, allowing me to distance myself from the mortgage, and at the worst-case-scenario of negative cashflow and a mortgage worth more than the property, have the ability to declare business bankruptcy rather than personal bankruptcy. 

Perhaps start at 7.5K and meet .him in the middle somewhere...to judge motivation.

More often than not, the declaration is vague and dated so you won't often find this spelled out.

Don't judge the stability based on family status or the number of people they can jam into your unit.

They said, its been known this judge is pro Tenant.

I won't spend unlimited amounts of money for perfect protection (incidentally, corporate veils can be pierced--and, given what I know about how judges think, the more draconian the injury, the more penniless the plaintiff, and the more wealthy the defendant, the more likely some judge will come up with a creative solution to pierce the veil.  

We require a landlord reference, 3x the monthly rent in monthly income and we search the district judge website for previous evictions.

Also judging from how old these posts are I also presume that the seller declined the offer. 

I know I would hate to stand before a judge and try and argue that my "custom" form should contractually obligate someone to sell their property to me.

Also, if I was the contractor, I have the risk of being charged back, you declaring unauthorized transaction and all that.