The big thing is always focus on protecting the public, disclose, and take care of people.

Leverage the Power of LLCsEstablishing a Limited Liability Company (LLC) for your real estate investments can offer both legal protection and tax benefits.

So to protect our cash we also need to be in a position to close on the underlying dirt.. 

In these markets, I would be worried about crime, activity of illegal immigrants, and such. 

A good PM should protect your interests and anticipate potential risks like this.Let me know how it all shakes out!

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Not only will this lead to you being alerted if the policy lapses, but if their pet bites someone it may protect you from a resulting lawsuit.4) Unathorized Pet- Check your lease and state laws to see if you can terminate the lease over this.

Quote from @Michael Rodriguez: Howdy fellow Memphis investors,Any ideas for protecting thieves from pulling out the HVAC copper pipe? 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Finding some sort of value-add aspect or buying at a discount means you either create or walk into equity, which protects you.