Originally I hired a less expensive rental management company (10%) This resulted in not as much exposure= not consistent rentals=nickel and dime expenses that were unnecessary.

The liability exposure is materially higher and it's not the trade or business we're in. 

The second pillar is a good insurance policy as that cover the majority of your exposure.

By factoring in maintenance, capex and vacancy, you are keeping your cash flow positive and reducing your exposure when things go bad with the property.

The goal is just to separate the high liability activities from your assets as much as possible.You can also just use a traditional LLC as the operating company via property management agreement.Other things to bring into consideration: anonymity, limiting the exposure of a single (Series) LLC and the potential of offshore trusts.

The second pillar is a good insurance policy as that cover the majority of your exposure.

It’s like the battle between cigarettes and E-Cigarettes, the news just destroyed one company due to their exposure and great marketing, but the rest are just cowering behind the “Big guy”.

You have a huge exposure being a new investor and you don't know what you don't know.

This also allows me to plan on ways to reduce my tax exposure.

At that point, a number of reputable companies should be willing to bid the project in person, and if your rough guess is way off, you can renegotiate with the seller, or back out of the deal.Pursuing off-market property is definitely the best way to find deals right now, and I would argue those sellers may be even more motivated at this time (market uncertainty, reduction in showing traffic/potential health exposure, etc).Finally, approach your investing similar to a "batting average".