Also, make sure you get all agreements with legal advice, so there is no room for interpretation tomorrow. 

Sounds like you're pretty knowledgeable when it comes to MFH, so start reading other asset types of your interest.In terms of the books, I recommend reading "best ever syndication" book by Joe Fearless.Here're some additional blogs to help you understanding syndications and some of the asset types you mentioned:  https://www.biggerpockets.com/member-blogs/10850/86626-the-pros-and-cons-of-investing-via-real-estate-syndicationhttps://www.biggerpockets.com/member-blogs/10850/87614-interpreting-the-private-placement-memorandum-ppm https://www.biggerpockets.com/member-blogs/10850/88110-pros-and-cons-of-investing-in-self-storage-or-why-not-another-assethttps://www.biggerpockets.com/member-blogs/10850/88439-why-invest-in-assisted-living-facilities https://www.biggerpockets.com/member-blogs/10850/84504-step-by-step-process-on-how-to-invest-in-a-real-estate-syndicationhttps://www.biggerpockets.com/member-blogs/10850/79257-deciphering-syndication-investment-terminology

I'm not sure what you're defining as "contrarian investing" and how to interpret "you must do what everyone else isn't doing".  

@Erick Gomez Few problems with that keyword list.First, Google takes substantial liberties when interpreting your keywords if you don't use modifiers.  

I think you can find better results by using the spots on the sun or interpreting the message of grains of sand in a cup.

Your best defense in all this is to know how to read and interpret your insurance policy.

To supplement some of the risk, i explain the lease in detail and make sure they understand, if not, make sure someone is there to explain in to them as an interpreter, make sure you have a lease in spanish.

You're welcome - and your votes are appreciated as well :D The company name was selected to allow for varied interpretations; the potential for a pun is one of them.

Any word or statement verbally or in writing - before, during, and after the process is open to interpretation and legal scrutiny.Some tenants are professionals at creating havoc if given the opportunity, whether right or wrong.As Bill Clinton said: “What is the meaning of is?”

The OP needs to get with a knowledgable accountant/CPA.I think you will find that CPAs give varying advice on this with some advocating a very strict interpretation of Single Member LLCs always following through to the Schedule C while others interpret it as rentals always following through to the Schedule E.