In my market, this can easily lead to increased home prices, closed transactions that had no inspection where there are a lot of issues that could have been identified by an experienced agent, and a bad taste in the consumer's mouth.  

Texas law concerning series LLC specifies that separate records and bank accounts are NOT required for each series for the separation of each series liability to be recognized in court.  

There is a roofing guy owed money but he isn't going to lien us because he is owed from other jobs from this builder so is suing him.

Not sure what new tax laws bring to the table.

The lender would have had an appraiser issue a opinion of market rate rent for the apartment on your duplex so that's a start on what the rent should be.

Then jump on landglide or onx and find out who owns the property. idaho, especially ada and canyon county has some funny development laws but a lot split would be possible.

New York home sellers must make disclosures under updated law in shift away from 'buyer beware'For the past 22 years, Long Islanders selling their homes could avoid answering detailed questions about their property by giving a $500 credit to buyers.They no longer have that option starting Wednesday, when new changes to state law take effect.

To some extent your protections under the law change if the property is an investment.

The main issue here is the insurance problem

Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference.