sorry for not answering,thank you for your input already talked to the team, going to talk to our lawyer soon to draft some documents 

A couple questions I brought up was how can we protect it for them loosing to insurance companies or medical (nursing home) with declining health?

(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

This ended up costing around $25,000 (not including loss of rent during this time).The painful part of this is that at least as of right now, his insurance is saying this is not covered as part of his policy.

Certificate of EligibilityA document issued by the Veterans Administration that certifies a veteran's eligibility for a VA loan.

It cost money to insure, in some cases bond and carry the liability of a job taken.

I am already licensed and insured as a contractor so that I can pull my own permits.

I encountered some challenges in properly equipping my tax preparer with the documentation necessary for 2017’s filing.

Are you also doing a title search with title insurance? 

Some people like to use debt to limit their liability while other like to eliminate debt as quickly as possible to insure as little money as possible gets paid out in interest.