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.

In my neck of the woods a one bedroom apartment runs $1,000+.

I'm neck deep in legalese as we speak!

Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.liability insuranceInsurance coverage that offers protection against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party.

So he's telling me that he's got it arranged with a buddy of his to do the move with him. 2) He has a brain injury & goes from being super nice to outright nasty, freaking out on me (when I try to encourage him to get on with his move).

@Joel FineIn my neck of the woods, its 20% plus all the extra cost.......

In my neck of the woods you do not have to accept section 8.

As I mentioned initially a lot of people on BP are anti-condo, so it simply means you'll have fewer fellow investors competing with you.HOAs can be a pain in the neck, and condo associations are more invasive.

A good strategy is to compare areas and see which best suits your situation and then become an expert in that neck of the woods - find the best investor-focused realtor, etc.About your second question, I am not a lawyer or accountant so you will need specialist advice there. 

@Brandon Hall is in your neck of the woods and specializes in real estate, there's also @Linda Weygant and @Amanda Han on BP (along with many more fantastic CPA's I'm less familiar with).