Also if you have significant wealth, using a good PM mitigates potential risk and headaches.

The property had significant upside potential as it was priced below market value and required mostly cosmetic updates.

The Main St property in Grainfield, KS, offered a promising opportunity due to its low purchase price and strong potential for a high return after renovations.

I hope your attorney can help you and remember to stream your energy to find the next deal yourself so you can cover this loss; this is the most helpful way to let go of that feeling of being scammed.

You can still easily find the 1% rule and positive cash flow and there's amazing appreciation potential.

How can we best protect ourselves from potential retaliation and property damage?

It's the conclusion you came to before you wrote the post I know but bringing up the challenges might make you realize that you might have to offer a heck of a good deal to attract a potential partner.

NJ is a big one—places like Newark, Paterson, or even smaller towns have better cash flow potential.

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.