The double thickness makes it harder for the wind to pass through and the fence will act like a sail causing further damage.

Can I tell tenants to get rid of dog due to liability issue/concern ?

The reason why I like this strategy is:- Seems like lower risk;- If numbers are correct, its not much out of pocket;- Seems like a good way to get feet wet, get a rental & some positive cash flow.My concern is:- I speak with investors all the time who started off in SFH and they all say moving forward their strategy will be multi family.Any insight is greatly appreciated!

Agent is concerned that since there are 2 other offers, ours may not be as "strong" as other offers, but we've turned it over to HP (Higher Power/God). 

Price ceilings cause shortages.

Are there any legal ramifications to provide an LOI and backtrack due to significant concerns with the property (e.g., significant rehab budget, title is not clean, etc..)?

They will be concerned about the chnage in ownership.

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.

How concerned should I be about the pending law suit?

If the lease deal is a really good one (lease payments are a lot less than the current bill) then you might at least take a look at it, but be aware that most leases include a "fixture filing"/lien which could cause a hiccup when you go to sell or even refinance the property.