@Bryan Satter  @Jorge Ruiz  I also read a new blog post this week about buying in your name, transferring to a land trust (I'm not sure exactly what that entails), and then transferring into an LLC from the land trust... it apparently creates greater distance between the property and the owner, and I think may prevent some of the unecessary costs.https://www.biggerpockets.com/renewsblog/llc-lendi...

In Bridgeport Connecticut where it snows and gets bitter cold we have to explain why we need to tune up furnaces BEFORE the winter hits to prevent problems like no heat or frozen pipes. 

I think there is an injunction in place right now preventing automatic liens.

What I like about it is, if the stock market is going to have major correction sometime in the near future, this strategy *should* really limit your downside and prevent you losing a ton of money. 

@Todd Romero @Megan Moody @Nathan G.

@Christine Kankowski - we replace all air filters quarterly which allows us to check up on each unit and also helps prevent some costly HVAC calls.We typically tell tenants that we're coming by to replace air filters and a quick walk through between Xam and Ypm on whatever day and ask if they have any time constraints that we can accommodate. 

And how can I prevent it besides avoiding investing completely?

These three things will answer all of the questions, solve all of your problems, and point you in the right direction...and will prevent you from accepting failure before you start.The three things are:1 - How to analyze markets...not properties, markets. 

We assist from locating valuable areas and properties, curating the design based on your budget, contracting local vendors to maintain the property with preventative maintenance as well as upgrades to keep the property moving forward on amenities and features from a STR perspective as well as adding value to the property.

Yes he does make good money and has an entrepreneurial spirit that should be commended but someone on this forum needs to teach the value of capital improvements and preventative maintenance.