We also keep an inexpensive steam cleaner in a closet in case there are any accidents.

  * your real estate being sued getting to your other assets (tenant falls and sues for all of your properties which had been your retirement plan)** you getting sued and it affecting your real estate (car accident where you hurt or killed someone) 

Bouncing payments or only being an illness or accident away from notbeing able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter ofexplanation (LOX).

Maybe leave a kayak for guest to use (have them sign waivers in case of accidents).Get some old furniture, some bicycles to loan and make a bed and breakfast!?

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

Hey @Daniel Curtin - Blue Island is a great area to invest in as cash flow is a little stronger and taxes are not horrifically high and they have a great deal of 4+ units, as well. 

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

As a local government executive I was sued twice (in my capacity as city manager), have been sued once by an insurance company (abrogation effort) and once by a private individual (stepdaughter in car accident in my vehicle).

You can also die in a car accident, and/or you can also NOT die in a car accident. 

I had tenants moving in with no pets and the lease agreement stated no pets as well. after a year or so I accidently found out that my tenants brought 2!!!