Keeping the property as is makes me unprotected and vulnerable, don't you agree?

.• To minimize the vulnerability to such market risk, you want to buy properties that fall into the rental-sweet spot because you will have the largest pool of potential tenants.

Both of these points unnecessarily open you up to vulnerability if you go to court.  

I don't mean to be discouraging, but you don't want to leave yourself completely vulnerable to the things life throws at you.

Got approval, but then the appraiser told them a fence permit was still outstanding (he was wrong) and they got cold feet saying that I could be vulnerable to mechanics liens and/or my taxes could go up do to additional improvements I could do with an open permit/inspection.  

Play it save and do not buy property that does not cash flow or that is financed in a vulnerable way like adjustable rate mortgages etc.

As the "Mountain West" economy grows and favorable news like this become more popular, I think Utah may be LESS vulnerable to any negative market shifts. 

By the time they saw the fire it had the entire back of the house in flames.

Does it protect me as a landlord more (in case of need to evict) or make me more vulnerable?

So anything related to Art becomes vulnerable.