No.

(Remember - No such thing as a dumb question)And don't be in a rush like most young wanna-be investors...I can't tell you how many times I've seen/heard "I want to have 10 properties within 5 years and be making $100k per year".

No evictions within the last year.b.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

What about evictions, 3, 5 months no rent then a rental turn, call it 10k total lose, for ONE prop, again negative cash flow.

Park has experienced a mass exodus over the last 20 years with no explanation why. 

There is no reason to pay a higher rate for a llc loan 

This way, all investors are on an even playing field as to risk, and there is no dilution because everyone is contributing pro-rata.3.  

-"pretty much turnkey" - no such thing. they either are or they aren't. 

But that also means you’re generating almost zero appreciation and barely better than bank CD returns.