Insurance and using an LLC can provide you with great protection(keep you from losing big if any legal issue ever comes up) and is affordable even when starting out(even potentially free for the LLC part).

I go in clean and paint and I can't do that with a tenant in there, so maybe you only lose 1/2 months income.

Winning can be losing if you let the heat of the competition cause you to make bad decisions.

I also do not want to wait too long a lose a potentially good tenant.

I was thinking about starting an llc, and separate my finances from the rental income, so I don't lose the child support assistance and raise my student loan payments. 

So, we might potentially lose 3 more tenants by the end of the month.

Agents lose clients all the time and lose commission for work they put in.

Biggest concerns/priorities are (1) losing money on a bad deal; (2) MHP competing for my time in the other deal I am working in (outside the real estate sector).

Keep as much of your money as you can for the next opportunity and also think that if your putting money down and market turns then you possibly could be losing your money you put in as the down payment.

Borrowers like this lose all credibility with me and I have no faith that they'd hold up their side of the bargain even if they came up with a good plan that was a win-win.