No unnecessary debt.  

Unnecessary but highly desirable would be the ability to automate monthly transactions for items such as prepaid insurance, prepaid taxes, depreciation expenses.Thanks all for your help!

I would also suggest to stay away from companies that merely introduce you to another, go direct to the turnkey company, why have another unnecessary third party between you!

Even in the areas isolated up the hills.I don't invest where I wouldn't plant my flag if need be and I do not incur unnecessary risk.

Bill Gulley Thanks very much Bill , i'll definitely look into that, one more question for you, So basically you're telling me building a traditional house from the ground up will save me a lot of stress, headaches, and most likely even money while giving me more architectural freedom in the long run compared to having to deal with working around codes, weld and other unnecessary construction...

It seems best case that this is unnecessary and worst case it could be a scam.

If there was an issue collecting the rent this month or in the future attempting to do an eviction without a tenant on one of our leases is also problematic.I feel like this is unnecessary but the PM is insistent.

I often break it down into the "five pillars" of protecting your assets.1st pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.2nd pillar is a good insurance policy as that cover the majority of your exposure.

@Derek Kroeger trying to enforce the lease will cost you a lot of money and unnecessary headaches, I would let them walk away as long as they're up to date on rent and leave the unit in good conditions. 

Having said that, when dealing with customers or sub contractors that I have a relationship with, these distributions are unnecessary.