The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Yes, theoretically they can be used and all laws complied with, but the chances of losing a lawsuit whether you’re right or wrong are so great nobody uses them, nobody insures them.  

There is not a right or wrong answer it's what you are happy with."

I'm honestly still blown away by that.What this means is that I no longer worry that I'm doing my bookkeeping wrong.

If you get it wrong, the penalties will get costly quickly.All the best!

It’s been my observation that a lot of today’s real estate investors have not been through a market correction, therefore they're still being aggressive because they haven’t faced any consequences of being too aggressive at the wrong time.

I doubt that it works that well, but maybe I am wrong.

The reason you can generally only participate if you are accredited is because regulators know that it is easy to get taken in these deals and it is assumed (wrongly so IMO) that if you have a higher net worth and can plunk down a big chunk of cash that you have the sophistication to understand the investment. 

These are clues that the area is Class C or gentrifying area, which can either go well or terribly wrong for you as an investor. 

Nothing wrong with retail employees (I spent some time in the retail trenches like most everyone), but they likely wont have this knowledge.