I already have a $1500 policy for other perils and liability.

With all those additional units you've BRRR'ed you have a lot more capex liability too.

The tax liability must be satisfied by the property owner whether the taxes were incurred prior to current ownership.

All security deposits are held in the operating account but our accounting system keeps careful track of security deposits and they show up as a liability on our balance sheet.I've not heard of management software designed to function in a specific state, so presume any would work there. 

It provides liability protection, and in certain states, you get the added benefit of privacy.

If you try to restrict service animals, you may open yourself up to liability.

This means there is a high incentive for them to take really good care of the facility.From a liability aspect, nothing changes on your part.

@Hunter McNeill how else are you going to get liability coverage for a personal injury lawsuit from a tenant?

We will require workman’s compensation, general liability, builders risk, and a performance bond from any company that wishes to bid.

-It is on my to-do list to look into an LLC for next year but in the meantime I have an umbrella policy for additional liability coverage.