The whole point of setting up your LLC is to protect you from liability... when someone sues you it will cost you way more to fix it than if you did it right the first time.

Earlier today, I stopped by my properties to install faucet covers to protect from freeze.

Make sure your financial house is in order, then make a move.  

@Shasky Charles Welcome and glad you're taking the real estate path to buidling financial freedomSome critical books I'd say are as follows:1. 

For instance, what if the tenants see a big issue that you cannot immediately service and elect to pay rent over to the court causing you to experience financial strain or even default on your debt obligation?

It depends on your financial circumstances.

Whatever you offer is cash in his pocket vs losing it to an inevitable tax lien sale = no cash & eventually no where to live.Most of these 'people' are oblivious to any knowledge of financial security so I'd find out what he would take to just walk away flush with cash.

I would just caution about putting up to much Due Diligence money up front.. and be realistic about your financial capacity.

When a landlord makes a decision to buy new they entirely change the financial obligations of the tenant.

I recently got hired at a stereotypical office job that very quickly made me realize how much I crave financial independence.