You could spend 10+ years building a 30 property portfolio for example and lose half of the properties in one lawsuit if they're not structures appropriately.

Do you know how much you could lose in a lawsuit from a tenant?

arm lengths transaction one of my wifes old clients calls out of the blue ( one reason I think being an agent is really helpful long term)  anyway he said remember that property you sold me 15 years ago.. well I stopped paying about 7 or 8 years ago.. they never foreclosed and just sent me the deed.. but its in tax default and I need 20k or I am going to lose it in a week..  

I like to make money but more than that I like to prevent losing money. 

Losses due to excessive wear-and-tear?

How much of chunk of that gained equity will I lose just to refinance?

So this is my first time ever buying an investment property.. really nervous and hoping I don't lose money.. here are the factsad says Multifamily (2) Units 2 bed 1 bath 1 bed 1 bathselling for $40kboth units are rented out for total of $1100 ( courtesy section 8 )does it seem like a good deal?

They could not replace the $500K so not losing it is more important than growing it faster than inflation.As someone said, there is no right answer.

Could do a 1031but I would hate to lose this cash cow. 

@Bernie Indig I understand that eventually you want to connect with people with experience, but what you've just said is that you have excess funds but no understanding of any areas around you.