Using a professional gives you arms length immunity and they are presumed to be knowledgeable and have liability insurance.It's just not worth the savings.

The Chinese, English and Asian Buyers who are driving the price of luxury apartments sky high in the major cities around the world, are not immune to the Real Estate Cycle.

I have become used to it and immune.  

yes I was mainly a HML in the south  MS AL GA TN IN SC FLA  we got our teeth kicked in is what happened.. people thinks rentals are immune they are not.

I am considering allowing a very small dog, requiring all dog paper work (immunizations /city registration) charging $75.00 more a month in rent, and doing monthly inspections. 

Cited in IRS Chief Counsel Advice 201640014 it is noted that "1402a13 was intended to apply to those who 'merely invested' rather than those who actively participate" - this is also based on the above caseCited in the counsel memo above - Riether 919F Supp 2d 1140 "Limited partners are those who lack management powers but enjoy immunity from liability and debts of the partnership".As noted - OP still has a steep hill to climb.

There is also the doctrine of "Adverse possession immunity" Adverse possession immunity  that apply to publicly owned lands.

The IT is really meant to transfer wealth to future generations and is immune to having a creditor force distribution from the trust.

Ryan:Let's end the back and forth and hijacking of this thread as it has become obvious your certainty in your opinion is immune to any facts not supporting that position.

Sure, they happen all the time, to different people, and nobody is immune, but if you're not taking steps to make them a very small part of your own life, then you shouldn't be driving... or landlording.