Long term lease for somebody who wants to build-to-suit?  

What strategy best suits you?

@Atul KaushalA partnership or LLC is best suited for this.

Does anyone know of a class action surpluses suit in Wayne County?

The asset company is essentially the "fall guy" in the case of a law suit, since most of the liability will be held up in that entity.

I just posted the other day on my instagram account @i.solve.realestate.problems, you should follow me, wink wink...lol, about passive income. 

From there I would look into establishing an operating company which can carry out the high liability activities involved in your investments (rent collection, hiring contractors, property management, etc,) these are sometimes called shell companies - they are generally the companies law suits get filed against, but wont actually own any property so you only sloe the liquid assets that are in them in the case of a law suit.Through the use of land trusts you can place the properties into the Series LLC without having to deal with the foreign filing fees.

., then prioritize finding a property that suits your family's needs (although you could still rent that property).  

A lis pendens is essentially a notice to the world that there is pending litigation where the property is the subject matter of the suit, and the litigation could affect the title to the property.  

You gave us the amount of the property that would be placed in the LLC, but if there is a law suit against you personally (without an LLC) and insurance doesn't cover it, then they can come after your personal assets.