She claims it is very well kept, six year old roof, everything in working order except the carpet.I'm going to see it tomorrow with my friend who will be translating from English to Spanish for me and vice versa for the seller. 

You need at least one layer of protection between you(r personal possessions and assets) and your business entity structure (translation: more than one entity)If your businesses are properly established and maintained they WILL afford you considerable (though not "perfect") protection against even the most frivolous of lawsuits.

You can run into an issue where the bad tenants bring a report that has been altered (which if they are providing it themselves is very easy to do).  

The tenant may not unreasonably withhold consent to the landlord to enter the dwelling unit from time to time in order to inspect the premises; make necessary or agreed repairs, decorations, alterations, or improvements; supply agreed services; and exhibit the dwelling unit to prospective or actual purchasers, mortgagees, tenants, workers, or contractors.

The only challenge was they mostly speak Spanish, but they brought their daughter to translate.

The monthly lease was $3,500 and this translates into $35,000 in lost revenue.

Which translates I don't deal with such people nor do many others

I have been an Interpreter and translator for English/Spanish/English since 1989 til the present time.

Lots of good feedback from other members.  7 low income condos will translate into a lot of property management challenges.  

@Jean G.The opinion of our attorney and many others in the field is that there is a risk of creating a disqualified party transaction in altering the LLC.