If you're familiar with stock options, this is exactly how call options work, although they only go out a max of maybe 27 months or so.My questions are a bit numerous, but I've ordered them roughly in order of importance for me: -Is this legal?

With the wealth of information available on BiggerPockets and numerous other sites and books, I'm not sure where to start.

The downside is that a specific individual might not be there next year and you'll have to build a new relationship with someone that might not be as knowledgeable.Best of luck!

There are 2 other individuals living there who have never complained of anything like this.

To be frank, if an individual does not understand their role, they are most likely going to squander the opportunity. 

Sometimes it's ambiguous, but even then, why should I bother with the company that has numerous unresolved lawsuits, versus another company that is virtually the same but has none.

Obviously this is a huge concern, as a tenant could sue you as an individual for liability of the property, and in a country like this that could bankrupt you.

(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas to offset the higher operating costs.

I also think there is a decent use case for people with more capital that want to diversify their risk, but also want to select individual properties.

I even named them the #3 non-seasonal market in the US today in our BiggerStays weekly newsletter here based on numerous metrics.