One of the "protected classes" is age/familial status.

Also look up 'protected tenants' and determine if you have any.

Again I dont know if an LLC would protect his $250,000 in the deal, in case something unexpected happens and I cant make payments.

Basically they named the price that they want to walk away from closing with and expectation is I cover the net difference.My question is this: while I am pretty certain that the closing costs will comprise of the typical costs (attorneys fees, title fees, etc), should I be protecting myself from any unknown closing costs that may be a surprise when I get to the table, by way of language in our written contract?

What are ways to protect against the risks?

Of course the road commission governs the street and the first 10 feet or so of your property, so no matter what the city and the utility company have protected themselves.

I'm assuming the bank still has the right to foreclose.There may be numerous reasons why he would have transferred the property, but would protection from foreclosure be one of them?

And the answer to that is we will definitely make sure we are both protected with a contract."

Just wanted to know if this makes these properties risky or if I could protect myself by making a statement in my offer that the tenant must sign a lease upon closing (or the owner must present an up to date lease).

http://www.biggerpockets.com/forums/311/topics/99080-how-do-you-protect-from-theft2.