Therefore, an LP should be used which gives less liability protection but if you use the Can Corp as the GP then will alleviate some of that risk.  

Hi and thanks for reading. I will try to be as concise as possible while providing as much pertinent info as needed.I am the only child of my parents, aged 69, who have done quite well amassing significant retirement ...

Great options offered and the main concern appears alleviated. 

Surge protection is primarily designed to protect from utility issues that originate outside the home and will do nothing to alleviate this issue. 

There's no rush to alleviate school overcrowding, and many people you see out and about are middle-aged to elderly. 

It still might not accomplish the goal in finding a new place for your tenant to move out, since you should be warning any landlords that call about this problem tenant, but alleviate any fears that he might trash the place. some food for thought.

See if the HOA board is doing anything to alleviate the high fees....

It will make lenders want to give you loans and alleviate temptation to take on excessive loans too fast.

HOA is the property management and that alleviates a lot of things that new investors (like myself) are not familiar with, or think they can handle it or are simply not aware of what is waiting on the other side of the turn. 

I want to alleviate the stress of investing a little off of my mom and dad so in response I started to try to learn about investing, sometimes the principles just don't hit home though.