I have a lawyer here in Indy who is already dealing with lawsuits against oceanpointe.

Same if you need to evict a tenant or answer to any lawsuit .

The landlord could file a separate lawsuit for the amount of rent he or she believes is owed.A dismissal in most cases is ‘without prejudice’, meaning the landlord could re-file the action.

I have a hard money loan in two condos that I converted from a single family with in-law suite to two condos.

Businesses stay afloat because they do things using systems and if you change and make exceptions then you lose your business and also possibly open yourself for a discrimination lawsuit because you enforced it on some but not all tenants.Find a system and live by it.

@Brandon Ortiz, buy a single-family home instead with an in-law suite that you can rent out as either an LTR or STR.

[OR] Will you need to retain local California counsel and local Wyoming counsel in case of lawsuit, will your formation guy act as a paid consultant in that case--how much will that cost.Having all of this written protection without the cash in hand to pay for legal protection in a court case is not complete protection.You might also want to look into the yearly cost to have tax returns filed for the LLC's if they are multi-member LLC's.Good Luck!

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

Also, you'll want to vet the contractor every which way you can think of...Google reviews, BBB reviews, GlassDoor, Facebook could be a big help here, also look up any lawsuits they've been a part of in their county.

You do not want to be in a lawsuit if you can help it; I can tell you that for sure.