PG county has some bad ones, Anne Arundel county tends to be mostly good.Turnover costs on my condos are pretty negligible which is part of why I like them.

Priorities:  Get tenant out, sell place asapNext- go after PM for negligence.

As Scott pointed out those three legs, you won't have negligent issues if your management is exceptional and that's much easier to control and costs very little. 

Certain things such as acts of God, vandalism, tenant negligence, etc would not be tied back to your renovation and you should not be held liable. 7) Even though Chris hit on this, but I want to stress it. 

For those that are intelligent and disciplined, the additional risk is negligible (IMO). 

Most lawsuits must claim negligence and breach of duty, they always name the action of a person so if you are the manager it is likely you will be named in any lawsuit.

If you have an external masonry wall, which is exposed to the conditioned space of the unit, then you have very negligible insulation and a massive thermal conduit between conditioned and unconditioned spaces.You would be doing far better by your future tenants to insulate this wall than worry about loosing 2-3" of living space or the aesthetics of a brick wall.Where this is a masonry wall - first confirm if it is a single wythe or 2 (or possible 3) wythes of brick (with a air gap/drainage plane between the outer wythe and the inner).  

Conversely, adding a 2nd, 3rd, or 4th property to your Memphis region creates a negligible increase in the time you have to spend addressing the properties.  

I agree with @Derek Lacy, we carry 2M of liability coverage because the cost difference between 500k, 1M, and 2M was pretty negligible and if something did happen, I'd rather be overprotected vs under protected.

If you personally are found negligent, they can go after your ownership in ANY of your LLCs.