IF you ever go down in flames, lender will go after your home with 30% equity before they go after mine with 0% equity.

Individual investors are incredibly vulnerable.

Wasn't my first vulnerable moment (ask him to tell you about our island adventure the next time you guys speak...)

They are all much more vulnerable for liability claims than STRs that are built to code.

Realtors and leasing agents are some of the most vulnerable workers out there for the simple reason that they’re exposed to situations that in any other sector would be considered dangerous or unacceptable: meeting strangers in vacant properties by themselves, collecting (often) cash payment on applications, walking strangers up/down stairs to areas of properties without windows or easy exit.

@Jeremy Holleb, post your check list so we can review it for any vulnerabilities. 

The questions to ask a PM shown above are excellent, and I've little to add except to maybe see contractor licenses and insurances.If you want to DIY, study each unit, and see whats vulnerable - an old dishwasher, an old anything.

Small cities tend to be reliant upon a single industry, which makes them vulnerable to economic changes.Population growth - If people are moving into a location, it is probably a good location for jobs and a desirable place to live.

It also makes you potentially vulnerable to being sued as attorneys see a nice payday with the equity in the home.

Just because banks and insurance companies come up with risky things doesnt mean everything they  do will go up in flames.