Depending on your area this can be semi-common or totally unknown.I recommend spending some time researching Subject To conditions inside Bigger Pockets (I think there's an entire podcast about it) to better understand how it works in comparison to a land contract.

(insert throw pens, remote controls, your computer mouse at this forum post) If I haven't lost you from my absolute lack of common sense and lack of following my OWN Processes, read on as to why this was the nail in my coffin with this tenant.....A little back story- he called me up at the beginning of the month with "the story".

Can you just ask you Accountant to separate the two for you, I don't see this as being an issue as it's very common

I suggest an LLC, easy enough to do and as Joseph mentioned, very common.

Just not sure if this is common practice or not.

I find this is a common oversight, and so easy to do.

This will become more common place as more jurisdictions provide more free legal counsel.

But every market is different, and perhaps it's not such a common issue in yours. 

I hate that what your referencing is a common problem.

(for example, one of the lawyers I work with has represented clients in court cases for contract disputes so he has a keen eye for contract details or omissions that could be a problem down the road)What do you think are the most common legal risks that investors take either knowingly or unknowlingly?