It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

We have succeeded in delivering sustainable solutions to thousands of families, eliminating over $100 million in negative equity, and saving families over $5 million on their payments each year.

It can be difficult and time consuming to find every possible entry point but Section 8 is going to tell you that it's your responsibility to eliminate entry points. 

Partnering with others can spread the financial risk, while seller financing may eliminate traditional down payments.

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

Yes, this brokerage would eliminate buyer-broker commissions, which are under threat, anyway.

Spread your risk around because even your best due diligence won't eliminate all risks.

I would follow-up with a letter as others have stated, but if no action was taken I would trim off any branches that over hang my property eliminating my own liability in the situation. 

However, for those with a net worth exceeding $1 million, it's often more advantageous to focus on wealth accumulation rather than debt elimination.

Eliminate debt, establish a budget, and save.