The vast majority of Landlords will never be sued.Of those that are sued, I suspect the majority win their case.Of those that lose, the average payout will be adequately covered by your basic insurance.There's probably a 99.99% chance you'll never have to deal with it.I'm not saying you shouldn't buy insurance or shouldn't find other ways to protect yourself.

Many were barely surviving.  

I’m thinking of purchasing a single family home that has the chance of becoming a mother-daughter home depending on the zoning restrictions.

@Shiloh Lundahl  Since they are smaller cities I was thinking areas closer to blue collar jobs will have more of a demand, I feel if I can find a spot where there is decent and steady income being made I  can have a better chance of lowering vacancy.

Network every chance you get with more seasoned investors, contractors etc.

I've heard that usually the lender does not like to see any contingency on the offer for best chance of acceptance.

Would love to talk more about the area if you have the chance, let's connect and I will send you a dm!

In the off chance the lender gets the property they can usually finish the project and break even or get close to it and not lose much.

If you're working full-time, chances are good you're going to need to forge strong broker relationships to help source the best deals.

So, if the sheetrock is up, and you plan to pull permits now there's a good chance you will have to tear it all off so the inspector can properly inspect the framing and insulation.