When the real estate crash occured, rents skyrocketed.

INDEMNIFICATION AND HOLD HARMLESSExcept for the willful misconduct of Agent, Owner shall indemnify, defend, and hold Agent harmless from all loss, damage, cost,expense (including attorneys' fees), liability, claims, investigations and lawsuits by third parties for personal injury, death orproperty damage incurred or occurring in, on, or about the Premises that are connected with the management of the property,during the term of this Agreement or after its termination, including any liability for error of judgment, a mistake of fact of law, orfor anything which Agent may do or refrain from doing hereinafter.

Still, it had never occurred to me to be on the investment side of things until I met my wife and we began discussing our future.

I didn't have an offline copy, as it never occurred to me that this could happen. 

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

The Tenant is responsible for general control and elimination of household pests that occur after 30 days of moving in, including, but not limited to, fleas, ticks, roaches, silverfish, ants, crickets, and rodents.

Having an open-ended interview process with no set criteria sounds like an easy way for an attorney to argue for discrimination, whether or not any actually occurred. 

Any additional expenses incurred in preparing the land for sale (such as adding driveways) would also be included in the cost basis.In summary, you would typically report the capital gain from the sale of each parcel in the year the sale occurred, based on the cost basis allocated to each parcel.

Hurricanes, while they occur, are more concerning to people who live out of state than those who do.

How often / mainstream does this type of transaction occur?