My main concern is I want to make sure I offset any liability in perhaps the slim instance a tenant tries to sue me for potentially slipping and falling themselves or for whatever possible reason really.

We used 1031 exchange to roll over all the profits and postpone taxes.

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

What are the tax consequences?

With an SDIRA, you're free to venture into the exciting world of private equity, tax liens, and even the digital gold rush of cryptocurrencies.The Self-Directed Roth IRA EdgeThink of a Self-Directed Roth IRA as the cool cousin who's got it all figured out.

Appreciation can be fantastic, but purchasing an under performing asset with hopes of high appreciation isn’t ideal unless you have plenty of cash or need tax incentives. 

Other fee's look padded and transfer taxes can sometimes be split or paid by seller.

Their expertise can help you make informed decisions.Insurance: Obtain appropriate insurance coverage for your properties to protect against risks such as property damage, liability, and loss of rental income.Legal Protection: Understand local laws and regulations governing real estate investments.

Plus, taxes are high.

Now I'm studying CRE finance, investment, and tax strategies aside from my full-time job to better equip myself with the essential financial literacy.