We keep insurance, home owners warranty and a budget to help cover all the unexpected; 'cause I never want to be a slum lord. 

Quote from @Tracy Thielman: For active flippers, which causes more issues: unexpected rehab costs or poor financing structure?

There were several factors that caused it, but it was a bubble that burst.I think this is why, as with most RE, the folks who have reasonable expectations, buy smart, consider the variety of financial advantages and are in it for the long haul will continue to do well overall. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Most asbestos harm came from mining the product for years or installing it for years in a poorly ventilated area like in ships. 

If we are purchasing properties when the market is a highly appreciated seller’s market, we need to realize we may be in DUMB DEBT and should be prepared for the risk of suffering the consequences if and when the economy turns for the worst and goes into a recession as this will likely cause values to drop.

What was the agent or the PM supposed to say, "Don't invest in section 8 in this whole city ever again because the program had a data breach that caused some problems back in 2024."? 

Some jobs require a minimum credit score, and not paying rent on schedule may cause them to lose their jobs.

Something as simple as mowing the law or changing a lightbulb on the property would be considered a prohibited transaction and cause disqualification of the portion of the 401k at issue in the transaction, or disqualification of the entire plan if this is a SDIRA.Also keep in mind that setting up a SOLO 401k does require your own business entity, typically a corporation, to sponsor the plan. 

Keep in mind that the farther away you are, the more you’ll have to push onto the PM’s plate, which will cause more upcharges.There are many other reasons to consider local vs remote, but that’s the first that comes to mind.