It seems like a big grey area, and one that would require an expensive and lengthy lawsuit to (attempt) to solve.Of course the obvious answer is to cancel the contract and find a new buyer that doesn't have 4 kids.

Also, I have an appointment set up to talk to my lawyer about MACK, may want to start a class action lawsuit for their stealing of investors rent payment.  

i never signed it because I didnt do the work, but it was a part if the bid,  the foundation company would likely require the neighbors  signed  consent because they would also be named in a lawsuit.   

If you fail to follow the rules, you may open your personal assets to a lawsuit.

One thing to add is that a rental property with debt also adds as a hedge against creditor in lawsuits.

Often the issue materializes when you attempt to sell and a better title examiner discovers it... and yes then you own it and that issue is yours to fix, if you can.Where I get confused in this process is this idea that I am at all liable for the mistakes of 1,2, or 3 title companies and that a lawsuit would not be tilted in my favor if an issue ever arose regarding clouded title.

Not an attorney but I would think at this point in time if the lawsuit is already filed you will not be able to "move" or hide assets, otherwise everyone would do that when getting sued. 

We spent months and $50,000 defending the lawsuit, and we won, but, it put a big dent in our profits. 

@Julie S.If there is ever a lawsuit you will be the first named because everyone knows landlords are loaded!

I often break it down into the "three pillars" of protecting your assets.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 - these simple steps will help you prevent lawsuits before they even occur.