But before they get it rented again, the copper thieves get there and rip and strip all plumbing, all wiring, destroy the AC condenser unit and all in all cause $10,000 in damage, which the owner needs to pay to get the house re rented and they often pay someone to put the house back together again to go into a quick placement of a new tenant and get back into scenario #1 or #2 again.Along about the time the other $15,000 in reserves run out, they decide they have to sell, but the house that they paid $15,000 for has all the damage to if from the first or second break in and is no only worth about $6,000 . . . so as one of the first reply's said . . .as a new investor going into an out of state market with $15,000 to buy a house  . . . at least in Kansas City . . . save yourself the heartache and head ache and set your money on fire.Or save it and do something else . . . . 

a Jet could fall out of the sky and destroy your property.  

My hope is that I get out of this over the next year or so without anybody taking anything personal and destroying the place..

The sheet rock is more than likely destroyed and maybe a window or two or all of them.  

If we were to get sued, I'm sure a lawyer would follow the paper and destroy the 'corporate veil.' 

Take the time to educate yourself well on the topic, I've seen number of IRA's being destroyed because they did such partnership and ended up violating the rules.  

Even if the doomsday scenario hits in my pharmacy example, and CVS/Walgreen's goes out of business and a tornado destroys the building, I lose #’s 1, 2, and 3 above.

Took a quick drive to Meyerland - the gym I use was destroyed (24 hour fitness) but people in the area are stripping their floors out and a number I have spoken to are hurt...but still in good spirits.

That will destroy your cash flow you made.  

There are outright criminals that will take advantage of you and destroy your property given a chance.Hoping people are good is bad management.To answer your question.