Who Gets Successfully Sued?

[Jason Merchey]

In a case where you hire a GC to do a fairly good sized rehab on a house, and something is purported to be wrong according to the end buyer (a construction defect lawsuit), do we as investors have any liability if we've since flipped it, and had a standard arrangement with a licensed and insured GC, and didn't knowingly build the building sub-par? Do all lawsuits of that nature eventually stick to the GC and his insurance, or if six months after a successful sale to an end buyer something is found wrong (despite the probable home inspection the buyer paid for and signed off on) are renovators ever "on the hook" financially?

I would have an LLC in place of course, but I'd like to determine if a lawsuit against the GC, me, and the home inspector would find my role to be blameless prior to ever sustaining any judgment against my LLC.