@Kris Nicholson - all the podcasts are great because they expose you to different strategies and ideas.  

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

The new generation of investors, exposed only to crowdfunded deals as they are, have been conditioned to expecting immediate passive income gratification i.e. current pay on preferred returns. 

Am I exposed in any way legally as a lien holder if the wholesaler/seller/buyer did something illegal in that transaction? 

I am limited to propane, oil, or electricity.  4.  

As opposed to people who buy a rehab and have to rush since every minute is costing them money....If course, this exposes to long term risk since nobody knows what happens in March 2019 (may prices could level off or come down) but at least you have your foot in the door.

The more it is exposed to water the more it acts like a sponge and will accelerate the decay process.  

Second, rather than putting all of your entire nest egg into a single property, where you would be exposed to significant single property risk from lack of diversification, you can spread your money over many properties, with minimums for accredited offerings typically around $5000 to $10,000.

When using leverage, real estate can easily take up a significant portion of your portfolio so you become very exposed to these economic risks.Personally, I've decided to use moderate leverage to build my real estate portfolio while I have an earned income with the goal of ultimately owning my properties free and clear.

So although you may only have 50% of the upside, you are somewhat protected vs going it alone and only exposed to 50% of the downside.