And I always recommend liability limits of no less than 500k, 1 million preferred for commercial exposures. 

I believe they mentioned that some paints tend to cover lead exposure, but they aren't permitted in CA, so that was the end of that discussion during our lead class.

With the exposure you mentioned, this method can make a decent income while you figure out your exit plan.

Also given my knowledge and exposure to the industry, I went into this deal knowing what the house would need, and that there would be no major rehab surprises.

What is your exposure in the event you are sued?

So mortgagees will limit their capital exposure in general.  

If they were motivated, why not give it to a realtor who can get them more exposure?

If you have no intention of living there for a full year, as it seems from your post, then you are opening yourself up to some potential exposure.

What if you want to separate and protect your spouse from any exposure or debt? 

Some in this forum are successful wholesalers and others are aspiring and learning the ropes, it's likely we are all on someone's mailing list and have the greatest exposure to the nationwide wholesale market.