This could end in evictions on multiple properties, civil lawsuits, and huge headaches.

Lawsuit, eviction, ...?

This guy’s a con artist and it seems he’s creating some lawsuit.. or trying to.

If you have $4 Million in an umbrella, your pretty much covered (however if your worth $20 Million I might change that answer.One of the main things your buying is the insurance company paying for you defense if there is a lawsuit,,,so get an umbrella,,,if you own rentals and don't have one your asking for trouble.

If the lawsuit was over and beyond the insurance policy (which $330k insurance is NEVER enough, and the easiest, most cost effective liability protection is adequate insurance protection) the suing party would have no "equity" in the LLC to go after.Each person should do what is comfortable to them, but making a blanket statement that each property should be in it's own entity is just guru nonsense.

The reason I'm buying it is because it has an in-law suite attached to the garage and cashflows (20% cash on cash) far better than anything I have found on market in Raleigh - which is a hyper seller's market right now.

Call a lawyer and have them rattle his chains.Have him threatened with a lawsuit for failing to remove you from financial responsibility for the home you no longer own.

Does anyone in the St Petersburg, Florida area have any experience with addressing an ADU/Guest Suite/Mother-In-Law suite?

If you do not want to list an address where you can be reached, then you'll have to pay somebody else (or beg a friend) to use their address and they are then authorized to be be served with a lawsuit on your behalf.For marketing purposes, a virtual physical address is appropriate.

Essentially all that means is now you have 6mm for a lawsuit someone may file against you vs the initial million.