When you think that you have seen the worst of it all, something more mind blowing arises.

The best BRRRR are properties that project near top of market cash flow per cost, have a lot of sweat equity (the more trashed the more sweat equity), and ideally are in a rising area (ideally has both rent and market appreciation).Good luck

Save more money for future property and when problems arise, 2.

They are also on the hook for your actions and would be named in any lawsuit that may arise by your actions in real estate I am sure you would not intentionally doing anything to warrant a lawsuit but they do happen.

Only true issue I could see arising is if you had to take a tenant to court.

I'm not saying you can't or shouldn't do it but this exact situation can arise from that type of agreement. 

(B) A cause of action may not arise against an owner of real estate in a covered transaction for failure to disclose:(1) that the subject real estate is or was occupied by an individual who was infected with a virus or other disease which has been determined by medical evidence to be highly unlikely to be transmitted through his occupancy of a dwelling place; or(2) that the death of an occupant of a property has occurred or the manner of the death; or(3) public information from the sex offender registry as defined in Article 7, Title 23.

(k) to neither hold not attempt to hold the Landlord or Landlord's agents, employees, or insurance companies liable for any injury, loss or damage to persons or property arising from any unknown cause, or arising from fire, floods, riots, governmental actions, acts of God, terrorism, interruption of utility services, or from the defect of the Property not called to the attention of the Landlord by Tenant in writingThe tenants should file a claim with their renters insurance. 

Assuming you can get all of that done before any problems arise with the tenant you'll be fine

Can you imagine, these giant equity funds who won big from the last crisis, will probably be super aggressive if any opportunities arise in the market.