(I know pigs get fat and hogs get slaughtered...

@Glenn TracyII had a friend do a very similar deal and lost 50k when the builder went belly up. 

Some ones that I've added, based on experience:Tenants are not to remove or disable smoke detectors, and are to test them periodically and promptly report issues.Tenants are not to put grease, fat, or fibrous items in the garbage disposal.No objects except toilet paper are to be flushed down the toilet - even items labelled "flushable."

Or do you suppose those Fat Cats driving a Company Mercedes E350 don't take it home to their own garage?

-Neighbors are not so great here either, but less problems than other places we have lived.Option B:Stay, rent the rental I was planning on moving back into back out for another year (or try to get the existing tenant to stay, fat chance since they are already sending reference checks my way for apartments) and the MIL apartment out for $375 more per month total (they were slightly under market rents).

What is the procedure if this company has gone "belly up"?

Everyone will be pointing fingers at each other while you will be stiffed with the big fat IRS bill.

I had a situation where a friend an I were trying to pick the lock on a vacant condo we bought at FC.My friend is a former police officer so two middle aged, fat white guys spent 35 mints picking a lock in B- neighborhood in broad daylight and nobody noticed or called the cops.  

It's also all members responsibility to report questionable posts, the staff can't be reading 10,000 forum posts and every blog weekly, so everyone ought to belly up to the bar and just be good citizens in the community.I'm done, thank you if you got this far!

While I would think active investing (you know, wholesaling, flipping, being a landlord) as well as value adding to the property, would deliver a fat check, I would think passive investing would be equally as beneficial, especially for beginners, as well as more opportunity to invest in other markets than the one you reside in.