So I don't have a whole lot of time yet to allocate to investing, plus I'm planning on getting out of Utah once I graduate in about 2 years.That being said, I want to get any kind of real estate exposure and experience as I can while I'm still a student and not a fully active investor myself.

@Rob Beland I think what you are not understanding is that any exposure is good exposure.

@Nate BaumannNot sure that your waver would amount to any form of protection - but I am not an attorney.Here, insurers have becoming more and more reluctant to underwrite buildings with active knob-and-tube - there are only two covering our are who will and the premiums are punitive.When it comes to asbestos, it really depends on where the asbestos is used, whether it is friable and if there is any possibility of exposure to the inhabitants.  

Isn't that why you would create an company structure in the first place: reduce exposure and taxation benefits. 

That is your exposure if you are sued.

This cuts down on my exposure risk because if someone should get injured on your property, you know what's coming next.

Also, do you recommend any other places I might be able to buy & hold that will give me a better return with exposure to market appreciation?

Take your core business keep making a bunch of money then slowly build up your outside investments.. fix and flip is a lot of work and more risk than most will admit to .. now of course if your doing it all with cash you don't have bank exposure but just loss of principal exposure.

Draft said offer and do my best to protect my client and limit their exposure.  

As an investor, it limits your exposure of risk to any single transaction.