If this sort of thing has been tolerated in the past, it may not be a big deal to the tenant or the prior owner.

Flipping offers the allure of quick profits, but it requires a keen understanding of market dynamics and a tolerance for market volatility.

Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.

If that's the case, you're going to go places that have lower than median households by a disproportionate amount, also likely higher crime, and steadily less accessibility.I think the root of your question should be what does my risk tolerance allow versus how cheap can I go?

Be prepared for market fluctuations and potential challenges.Ultimately, the best approach depends on your individual goals, risk tolerance, and investment timeline.

I have not quantified your risk tolerance, but from what you stated it looks like you are not particularly aggressive and might be moderate or slightly below.  

I'd say first determine your investment objectives, desired timeline, budget, and risk tolerance.

I think it depends on your comfort level and risk tolerance and you have to have trusted team in place to not see your properties in person.

Choosing the right exit strategy depends on factors such as investment objectives, market conditions, property type, and risk tolerance.

This covers possible deductions, depreciation, and capital gains calculations.Discuss Long-Term objectives: Talk to your spouse about your long-term objectives, risk tolerance, and property management preferences.Ultimately, the selection will be based on your own circumstances, goals, and preferences.