You don't want to arrive in Denver and be left out of unplanned events.

It wouldn't have worked if I had planned to hold the house (or got stuck with it unplanned) but since I fixed it up and resold it in just a few months I was able to pay them off from the sales proceeds.

That's being really conservative, putting aside $250 a month for unplanned maintenance/vacancy.

Leave a significant budget for unplanned items so your overall goal or project is not at risk of failure.

Ended up evicting, turning, and eventually flipping it, and yes, walked away with $, but sheer dumb luck and unplanned appreciation saved me.

Is there a better way to limit my liability in case of any unplanned life circumstance which forces my business closed?

The only concerns I would have is that it may take longer to exit the market you’re looking at when the time comes (planned or unplanned), and that if the small town has any key employers or industries that you have a good handle on the future prospects.

I chose to challenge my own beliefs and see how I could handle becoming a landlord; So I bought 2 rental properties right off the bat in 2019 and ended up with an unplanned 3rd.

To the extent I overpay for the property, I will lose money in the event of this unplanned sale.2.)

If you are a human on this planet, you will be victim to bubbles and recessions and unplanned acts of god that influence the value of your asset.