Will it happen, probably not, but the chances of you getting sued and needing the LLC are probably slim also. 

The pickings are going to be really slim or non existent to find a SFH in the Ocotillio area. 

The margin for error is just to slim when you are borrowing at negative leverage.I would love to attend one of @Jeff Greenberg's meet ups and will try to fit it into my schedule. 

The court will assess your attorney fees and court costs, but the chances of you collecting are slim to none.

However, the chances of you ever receiving that money is slim. 

Not saying the deals aren't out there but it is definitely slim pickings!

@Michael Guzik I have been running numbers constantly up here in CO Springs and you are right the prospects are slim.

Property management fees are too slim to run 20% below everybody else. 3.

The problem that I am running into is that with $20k down in my market (SLC, Utah) my available properties are slim and I often find that after analyzing properties that I will not be in positive cash flow as owner occupied or even with the anticipated cash flow after moving out with each unit fully rented with anticipated rent raises.

I wrote a BiggerPockets blog post on how to find comps and calculate the ARV of a potential deal: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueHappy to answer any questions about that blog post or the process in general.As far as finding potential deals, those are slim on the MLS and you'll get the largest spread for your buyers by looking off-market.