Jon, your comments are so helpful.when I own my own crews and pay them like their boss, how do I ensure there's not liability when they fell off the roof or cut their hands?

They said they had an investor lined up in my area (Southern California) to be on the show but it fell through at the last minute.

I would have thought when the deal fell apart that your attorney would have immediately requested this. 

I am under contract in a property that it sold for 10% higher a month and a half ago, buyer lost his job and financing fell through.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

The RE prices fell over 2 times in 2008-2009 and many families owe to the bank twice or more what the place is currently worth.

This file on this house kind of fell through the cracks!.

After the original offer fell through, I'm next in line (back up offer).

@Sebastian PapworthI almost fell off my chair reading this and the article. 

General contractor, Pennsylvania, I paid him a deposit for some work but then the job fell through (failed inspection)