One out of three landlords in a lawsuit every single year for violating the fair housing discrimination eviction or property code law.

If someone is getting ready to sue that company and you buy the company, the law suit would be against what is now your company.

Permits , pay offs , site work , environmental studies , lawsuits from NIMBY .  

Once you personally get involved, you will find yourself with little or no protection from the entity when the lawsuits get filed.A good liability insurance strategy is your ultimate fallback.

Keeps them from getting involved in a lawsuit!

If you fail to follow the rules, you may open your personal assets to a lawsuit.

The only saving grace in this true story is that the City of Toledo has been trying to implement this for many years, but it is continually halted by property investors filing lawsuits that result in injunctions from a court halting the enforcement.  

If you lost the lawsuit and the property is in your own name, the court could decide to seize your property and more. 

To collect any of the money you feel you are owed you will most likely need to file a lawsuit in small claims court and get a judgement, which will most likely never be collected on.One option that I've used in the past is to offer to release the tenant from the lease for a flat fee.

If you treat one tenant differently from another, and they find out, you could be facing a lawsuit.