And you may have some lawsuit-happy people in your area that you may need to protect against - I don't know.

This is why with apartments I do not get landlord agreements with the power companies.The tenants will call the power company and lie and say they are moving to another address.The power company then transfers to you the landlord and a few months later you get a huge bill.I would just pay the 30.00 turn on fee if I needed to work in the unit to get ready for re-rental.Much better that way and the tenant can't run their scam that way.I did catch another tenant of mine (section 8)plugging into a vacant unit next door on the outside plug.I had power turned on as I was working on that unit.I unplugged the first time and they kept doing it so I took a picture with time and date and called the cops.Made an incident report but not a formal charge.Police politely told the tenant you can't do that ( I wasn't there when he explained to them) and that if it happened again they would have some new arm bracelets to wear.They didn't do it after that.The cop said I could have filed charges instead of incidence report but that he thought a warning was best versus arresting them and then they get mad and do damage to the unit.He said if it happened again maybe go the other route.I kept the documentation and pictures to show the character of this tenant in case they tried to make any claims or lawsuits down the road etc.I have had my fill of low income tenants.Too much drama there.It's not usually worth the extra few percent annually when you account for everything.

There will be more money made in lawsuits in that area for sueing sellers, realtors and developers that didn't know the rules, than all the taxes saved in go zone, imo.

However the tenant is encouraged to consult with an attorney before doing so, because the tenant who takes this approach should be prepared to defend his/her actions in a lawsuit commenced by the landlord.

What happens when the actions of one owner, cause a lawsuit against the PMC and thereby ALL the owners (since they'll all own part of the PMC)?

Even his former employees all left when they found out about his shady practices and if you google him online and search for all the lawsuits against him its insane hes not in prison yet! 

Increased risk of lawsuits.

And then we suddenly realized there's a condo lawsuit to factor in.In July, the HOA filed a lawsuit against the developers for $2.2M in construction defects.

Chances are they are not picking up multiple second homes in the same area)When you have pulled up a number of investors, do a name search on them to make sure they have been successfully doing deals for awhile, (this would be seen by the second deed on the same property going out at a profit)  and that they aren't in any lawsuits and stuff.  

Lawsuit may require reimbursement of all collected rents3.