A LLC is basically a tool for asset protection.

You have a right to protect and preserve your property.If it's something that can wait, try to work with the tenant, consider it temporary, and plan for their lease termination.How you repair your mechanical systems is your business, not the tenant's.

This is what we provide:Every Buyers Protection Group Inspection includes:Weekend and Extended Hours, $1 Million in E&O Insurance, 12 Months of Extended Advice,90-Day Inspection Guarantee, General Liability Insurance and our Superior Service Guarantee

The regs are quite specific when it comes to collections and defaults.Read the updated reg letter at the Consumer Protection Finance Bureau.

Of course, to protect my interest in the property I would have to record a memorandum of option on the property.My questions: 1) Can lease options be a way to achieve similar results to a subject to in cases where sellers are motivated but are unwilling to risk giving up the deed?

If the owner abandons the property banks will sometime secure the property to protect their collateral.

Our laws protect the public.

If you need more services, such as landlord/tenant and asset protection, let me know, we can provide a couple morehttp://phenixtitle.com/grugnale-and-schlesinger-pc

How do I keep it legal and protect myself from liability?

We carry 300k liability on all of our properties.The LLC will not give you much liability protection in the event you loose a lawsuit as you were the one personally managing the property.You would not need a broker license to do any renting or management with the property as it is owned by you.