I want to weigh in, but will first identify my bias in that I believe property rights to be absolute and natural (immune to regulation and restriction).

That's a much bigger problem b/c it's a fair housing violation, but you could potentially be immune depending on how many rentals you own.

A JV or partnership agreement doesn't automatically make you immune to securities laws.

No profession is immune from bad actors, but those are the exception and not the rule - especially in a field like real estate sales where they can be fined by the state, sued by clients and have their licenses revoked.

No, you are never immune to legal action but multiple LLCs keep your assets separated so if something were to happen, the person who is sue-ing (spelling?)

Dont give advice to someone who you dont personally know may have weakened compromised immune system or make mistake on improper ppe or containment due to your over simplistic analysis of your experiences.

Like many managers in the area, we were not immune to the challenges of the market.

Refusing is like a vaccine that gives the herd immunity, they'll stop thinking they have a right to do it if no one ever lets them or anyone they know.

If you already have a significant amount of reserves in place, then you can adjust for that, but if you don't, it wouldn't be wise to just assume that a newly renovated property is immune from near-term issues. 

Maybe if you bought expensive laminate it would be more resistant to water but the vinyl is immune to minor water from my experience.I buy mine at Surplace Wharehouse.