What words/phrases should I look for?

As much I and other real estate investors hate it, I do think the long term trend is to tighten up on the tax benefits of real estate.  

In Waterloo, most of my students pay for their own utilities, however, the trend is towards all-inclusive rentals.

But I am amazed at how you are throwing around the phrase "get caught" etc.

One of the phrases I have had heard is "what amount you need to have to forget about other offers and move forward with me" or something to that effect.

@Jay @Jay P. here is another phrase for you "constructive eviction" - look it up.

Also, if you have a more modern unit, they have some pretty trendy patterns available, just FYI, and your higher-end tenants might appreciate it. 

I use the phrase 'financially free' VERY lightly.

I'm also looking at an A class in an exceptional A class area where the address is a premier location and people really want to be there.My thought is similar to yours: some people that can afford the units may lose jobs, but for the most part, the very upper class, trendy areas tend to attract a clientele that should be able to handle the next downturn.

I invite you to Google "Creating a LLC or S Corp in _____," "Division of Corporations in _____," or another phrase.