You will be violating the contract, but the likelihood of a lawsuit, especially here in Arkansas is likely very low. 

A seller not fully informed of these points may have legal basis for initiating a lawsuit against the investor/buyerFrom the buyers perspective any down payment, capital expenditures, etc may be at risk of loss if they can not pay off note IF it is called due.  

Again, 99% of lawsuits are probably settled outside of court and covered by insurance.

Obviously, if XRP wins the lawsuit, that will be good for them.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

Based on 1. above determine the maximum amount your willing to pay to avoid a lawsuit and the realistic “target” amount you’d want to pay given what you learned from the attorney consultation3.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

After doing some research I see a ton of lawsuits around Deutsche Bank Nat/l Trust foreclosing on First Franklin loans, and many cases where the previous owner win the cases.

If you do a great job with property management then you're likely not going to have to deal with lawsuit risks.I started out managing them myself but have had in-house property management for the last 4-5 years.

I feel in the event of a law suit, it will ultimately come down to whatever the judge/jury decides...again...subjective.