My question is when getting a property under contract what contingencies and other things would be recommended to protect myself and have an out if say inspections are outrageous or my GC says my rehab estimates are way off, or private money falls through etc?

I guess in a nut shell how can she show the daughter that she has to leave legally or else.I though, just kindly have the authorities tell her to leave change the locks and file an order of protection if she returns but, Im not sure if that will be too much.  

Protect the investor on the downside and reap more on the upside.  

Is he somehow protected from losing the place while he's in in jail?  

JT McGraw - When you install the new ones, invest in installing some inexpensive clear or cabinet color matching vinyl / plastic cabinet liners so the bottoms are protected from spills and scraping.

You need to take advantage of the long term fixed rates you can get with a secondary market loan when you are beginning as they become harder to obtain as you grow.I am not suggesting the LLC because there is an incredible need for it, especially if you aren't going to have much equity, but rather as part of the process.I have always believed if you don't do things correctly when you are small, you will not do them correctly when you are big.This conversation doesn't really even get to the heart of why you may want an LLC to protect what you may have accumulated in wealth so far in life non-real estate.Thanks,

I'm wondering if one LLC for each investment is even possible for maximum protection.

An added bonus is the asset liability protection, but I realize a good insurance policy is an adequate substitute for that too. 

This also was foreclosed on back when the tenant protection act was still in affect.

I believe your potential partner is looking to ensure that his money is protected and that you don't run off with it.