Just keep in mind that there will be higher insurance costs for an LLC, and it may be more difficult to secure a bresidential/b mortgage with an LLC. For this reason, most LLC properties are purchased with cash. 12) If your property was built prior to 1978, make sure that your … Failure to inform a tenant that the property may contain lead-based bpaint/b could result in a fine of $10000, plus three times any damage suffered by a tenant diagnosed with a lead-induced injury. …