Thanks to all these dumb sites trying to make a profit off of public records, your information is posted on multiple sites such as spokeo, city data, etc.

@Tim Chase I purchase a lot of condo's and Townhome's, I will usually see this in the smaller projects as they are trying to protect the Owner Occupied versus Investor ratio so future buyers have an easier time using all available types of financing to buy from the current sellers, basically the HOA protecting the exit strategies for the sellers.

I have a really good attorney who I use in PDX that wont charge you an arm and a legg and scare you into all sorts of unnecessary and complicated asset protection schemes.. basically you can vest in LLC  have an operating agreement ( that's your JV agreement) and a clear cut buy sell agreement .. pretty simple and standard stuff.. feel free to ping me off line..

And you cant just kill the LLC that built the houses an underfunded LLC in the eyes of the court is no protection and you become personally liable..  

And if so what type of insurance or protection should I have in place to ensure my company and the employee are both covered? 

He's really torn about whether to proceed - the planning commission would not give him a firm yes or no - they said there may need to be a public hearing but of course they wouldn't be able to say anything for sure without him going through with the purchase and submitting full plans.

I think his point was protecting personal assets.

Female sex offenders recidivism is lower than 5%.https://www.researchgate.net/publication/49629947_The_Recidivism_Rates_of_Female_Sexual_Offenders_Are_Low_A_Meta-AnalysisThese women have children and need shelter.

I know the DP (dwelling protection) insurance policies are standard landlord insurance but my agent tells me I can also get a Businessowner policy to cover the property (mostly concerned with fire, wind, standard perils). 

Things are pretty intense here in Jacksonville Florida with investors flooding the market...theft is rampant by other investors...it is regionial to a certain extent.. but I agree with you.. when I first went into Detroit as a fix and flip lender back in 2002.The contractor that my Turn key marketing guy was using was really up to speed with how to protect these homes and he said the same thing you did.. its the contractors coming back at night to steal what they put in during the day..