That's a good average (and of course if you already have a servicer in mind you can just use their figure).Ultimately, servicing does factor in, however when you start stacking performing notes the servicing fees are pretty negligible.

In the event of negligence and injury (for example a roof accident slip or what not) I would imagine that since the buyer is ordering the work it will be our responsibility and liability.

If you have good insurance and aren't negligent, you shouldn't have any liability issues.

Of course, if you run a slumlord and have black mold everywhere and sewage backing up, etc.. that liabilities on that lawsuit get pretty pricey, especially I'm guessing there must be a clause in the insurance policy about owner negligence (granted thats tough to prove to my understanding).

And yes, I figure the $99/yr is well worth it to keep it open, but I'll realistically be paying more than that per year in interest so should be pretty negligible. 

So if you're a small investor, full charge of operations, yes, you'll be sued for personal negligence in addition to the LLC being sued.

Unless the tenant was completely negligent and disobeying some instructions, this sounds like an accident.

For someone self managing though an LLC may not give you the shield of armor you think it does, if you are negligent and I am renting from you I'm suing both. 

Just because you could be sued though doesn't mean they would win and I would think you would have to have some sort of negligence, just keep up with the property and ensure your tenants have the proper insurance. 

However, according to our By-Law/Master Deed, Garage is considered a part of "Limited Common Elements".Specifically, from our Master Deed: The Limited Common Elements of the condominium shall include any deck, patio, stairs, or garage to which there is direct access to that unit which is appurtenant to same, or any car port to which a Unit has been assigned....These Limited Common Elements are reserved for the use of the Unit(s) either immediately adjacent thereto or for the use of Units to which they have been assigned, to the exclusion of all other Units....Any expenses of repair or replacement relating to said Limited Common Elements, or involving structural maintenance, repair or replacement, shall be the responsibility of the Association, excepting for costs necessitated by negligence, misuse, or neglect of the Unit by a Unit Owner.One day, someone (not anyone I know) likely backed into our garage and crashed the garage doors.