In the town where I have a rental SFR, if you're doing a plumbing reno or inspection & there is no ongoing water service at the property, the utility will allow you to turn the water on for a day to do repairs, etc. without going through all the paperwork.

If she hadn't we would have had a delayed closing because the required compliance on the fire system and corresponding paperwork wasn't in place.

Every month we call and ask how we are doing, if they received their payments, their statements, any paperwork that may have been included.  

I have JVed a couple of deals but have not been involved in the actual signing of the paperwork at the end.  

Aside from your involvement, the two businesses are essentially unrelated, no need to confuse things.  

The other thing is try and keep your personal name off the business entity(s) and have registered agent do the paperwork - this is more about asset protection than anything else.  

The flaw he says is that if someone really wanted to get you in trouble, they could, because when you are providing your buyer with a P&S, you are essentially acting as a real estate agent/professional without a license.  

Our attorney also discovered a transferable $4000 roof escrow that was not well advertised/explained in the paperwork.  

As in, 3 100k properties becomes 1 300k note and then you've essentially reset the counter. 

You essentially have no leverage since they can continue to foreclose on the property unless you pay the Final Judgement amount.