But, correct me if I'm wrong, wouldn't you have to consider an additional 12% SC rental tax off the gross income, or is that factored in the management fee, or do I maybe have the wrong interpretation of the SC rental tax? 

Would you only buy an investment property if it was listed on the MLS or would you consider an off market deal?

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 likely to be higher, then you may consider an umbrella insurance policy.

Before you consider an LLC make sure you are properly insured.

Once you hit 10 loans in your name however things change and youll need to consider an LLC or other entity.

They won't consider an apartment if its basement level?

Then I would consider an umbrella insurance policy to increase coverage over all your properties.

Consider an outside vendor such as a graphic designer or consultant to a business.

If you are not aware the exact location you are going to invest in, you may consider an area you are familiar with .Analyze your deals for cash flow and COC ROI, BP rental property and brrrr analyzing tools are very resourceful .

@John Roberts I'd definitely consider an agent in this case but it needs to be somebody vetted/with right experience.