Corporations, LLCs and Limited partnerships exist for the reason of limiting liability to the entity.  

Quote from @Mo Karim: With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors. 

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

Buying it as an existing 4bd/4bth is doable. 

I always used your number three as my prime focus when I started doing short-term rentals twenty years ago, before Airbnb existed.

No.Did the ice cream parlor even know you existed?

In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all under 5%) are going to start being paid off in the next 1-5 years.  

Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat

Yes, this was a regulation passed recently in Cleveland, all rental properties must be lead certified.

This is a common issue with investing in existing & older homes.