What should I do to prevent myself from becoming part of the 87%Thank you responders, advice is super helpful

Wells Fargo does not put blank deposit slips in the lobby anymore to prevent fraud.  

It prevents that obnoxious and time consuming back and forth for everyone. 

The major thing (outside of "wind insurance") that prevents me from pulling the trigger on a vacation rental is having to give up 25% of gross rents (ballparking) to a PM. 

Although we cannot prevent (most likely) all of the things you mentioned from happening, we plan on being as prepared as possible prior to jumping into this business.  

There is no need for that language other than to prevent you from coming after them when you realize you have purchased a property without renovations and whatever has been done was not up to code or permitted.If you are looking to passively invest in real estate, you can do much better than this.  

Also, putting the home in a trust would prevent the daughters from potentially using the equity (not likely, but who knows?). 

This is your CPA's job to educate you and prevent confusion. 

They have lease of the premises not a protective bubble to prevent you stopping by.  

I will be sure to start paying the extra $300 again to prevent issues during this time next year.