If this is a foreclosed property (you said Fannie Mae was the seller), your agent should know if your state has limits on back HOA dues if you're buying a foreclosed property.   

They are funded by short term deposits so they want to make short term loans so they are matching duration of assets to liabilities.

Hello and thanks for taking the time of your day to read this.My question is how do most you of you go about protecting yourselves from liability when starting out?

But California law limits the reasons for landlord entry. 

I am sure there is a lot of risk with it, but I think some research could limit it a bit.

Landlords should operate as a business to maximize their return and limit liability, but the business is still customer service.

From my limited research I see that it is an online real estate brokerage with zero monthly costs, and an 85/15 commission split. 

I can bump the limits of each policy easier (cheaper) than I was able to find some way to cover them all.

Another thing i have learned I would always question something that had not been picked up by an investor and there must have been something really wrong but in reality most investors only have limited amount of money and time. 

No operating agreements, etc, It would be less liability and I don’t think you would have to pay Ohio state tax.