Other than the general concept of needing insurance, but you also want the insurance company's legal team to fight any lawsuits otherwise you'll go broke with legal fees protecting your LLC.Generally, the big issue is the more costly commercial loans that you will need to use since legal entities are not eligible for conforming residential loans. 

., house with a mother-in-law suite) or bigger (e.g., small apartment complex)? 

@Timothy SammonThe tenant getting insurance would protect them from the pool, but you'd end up named on any lawsuit if something happened.

This leaves yourself and your broker liable for potential lawsuits.

What are the exact problems with condo documents: reserves, lawsuit, mixed use, what is the exact subject situation?

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

Well saying they don’t offer protection is false because There’s many ways to protect yourself and your asset from lawsuits .

Generally, your home and qualified retirement accounts are protected from creditors, bankruptcy, and civil lawsuits.

Wow, I have seen and read many SEC lawsuits but this one comes right out of a movie - an investor relations specialist using a fake name….This stuff consistently blows my mind (if true).Factual allegation #36.https://www.sec.gov/litigation/complaints/2023/comp-pr2023-97.pdf

These arrangements also often result in lawsuits which is why they are illegal in some states and many listing agents will not work with unrepresented buyers under any circumstances.