Your chances of surviving such an event probably depends on how leveraged you are and whether you have sufficient reserves to make it through.

Regarding your concerns about lawsuits, my opinion is that it would be sufficient to just disclose. 

For those minor repairs I believe just giving a couple days notice would be sufficient.

While listening to Ken McElroy's Bigger Pockets podcast, he mentioned the "A-student" who wants to know everything before diving into something. 

I personally like to include something chunky like a coin or a token or paperclip the letter together as opposed to staple.

Hello BP Members,I'd like to get feedback from OWNERS operating their own SELF SUFFICIENT/INDEPENDENT real estate investment business, regarding the best entity structure of choice?

If it's basic day to day items, and if you don't store tons of photos / videos on it, anything with 8GB of ram would be sufficient in today's market.

InvestaCrowd - https://www.investacrowd.com/ – real estate token investments; Single Family Rental (SFR) INVESTING Roofstock - https://www.roofstock.com/ - unique way to buy, manage and sell properties; online marketplace created exclusively for investing in leased single-family rental homes that generate cash flow day one.

Ya know what I have my mortgage bankers CE this Monday… and well I am the token hard money mortgage banker in the group the other 75 all do conventional fannie Freddie stuff. 

Although i have reasonable amount of cash to get this business off the ground, i just struggled to get the numbers to work (ie sufficient cash flow from buy and holds to support my life without a W2 job).