This would involve a separate lawsuit, judgment, and collection (i.e. a mess) and it might not work.Depending on the existence or availability of any personal assets, personal guarantees are often not worth the paper they’re printed on.

I know a civil engineer and he confirmed it . ( and he laughed because he was involved with that property in one of the law suits) 

Or does insuring the property somehow protect you from a law suit?

The properties you buy needs to be in the LLC name for protection from law suits, etc.

Can you spell harassment lawsuit?

I saw a wrongful death lawsuit for a case in Wyoming over a boat that was capsized. 

The part where I agree to pay the amount owed by seller to the HOA in order get a civil lawsuit against the seller released as part of the terms, and the part where I pay the seller's IRS liens?

Do board members normally have insurance coverage that protects them from lawsuits if they are being sued for mis-managing the property? 

I was under the impression that it insulated me in someway from lawsuits and gave me greater tax benefits than a personal route.My net worth is an issue at the moment.

With detached garage and mother in law suite detached.