@Steven ClarkHi Steven,With electric you have no concern of gas leaks demising a resident and causing you financial liability in a personal injury lawsuit (as well as a lot of personal sadness over the event).Good Luck!

That is what will break the asset protection or company veil, it is also what will create conflict or lawsuits between members.

But that is because the state failed to reign in frivolous lawsuits targeting the insurance industry.Randy  

Is the complex 51% owners, no lawsuits, master insurance policy is sufficient, HOA has reserves in the bank? 

Insurance hardly helps with lawsuits; it helps with the pay outs due but if doesn't stop lawsuits.

It really depends on your long term goals and financial resources.That said, having a lot of equity sitting in a property hurts your returns and makes you more of a target for lawsuits.  

@Ian Barrett, I've probably posted this over a hundred times on the Atlanta forums haha, buy a single-family home with either an in-law suite or finished-out basement/separate unit that you can either source as an LTR or STR via Airbnb.

We plan on living in the home but also building an attached mother in law suite and a detached garage both of which we would rent out for income. 

If you do not - and there is a problem or lawsuit, etc - a judge may pierce the corporate veil since the LLC is not technically a living thing- but just a shell ( nothing happening, no usual business practice of annual meetings, etc).

Every year there are 1,400 TCPA lawsuits https://www.lexology.com/library/detail.aspx?