One apparent things is the liability coverage can be higher. 

I got a letter from the County Public Works Dept. today stating that although my paving contractor applied for permits for our driveway, the pre-installation inspection didn't occur, and therefore, the permits were no...

While I can't imagine this would make it through escrow you never know what people will try.I haven't bought a tenant occupied property (yet) but wonder about the quality of work the tenant does, and liability issues if they do something wrong, or get injured while performing the task.Have you been down to the area the house is located in?  

You exposed yourself to an immense amount of liability with this action - I hope you never do that again.2.

That adds a layer to the owner's limited liability keeping the PM's insurance in the loop.Basically, 3 ways to go: 1. hire employees, 2. hire a general contractor, then 3. hire specific contractors such as a cleaning company, HVAC, Electrical, etc.  

600K tells us nothing, that could be 5 acres or 200 acres, big difference.You can't take on development or construction liabilities based on an option, unless it's your money you are spending up front, may not be a good thing.

All commercial properties will be in LLCs, and have separate liability policies.

The next page is a balance sheet - assets vs liabilities.  

Corporations are required to know their tax liability.

Any experience writing contracts that release me from liability due to problems the tenants claim are related to the land?