I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Splits 70/30 very common for experienced operators and I see clubs / newbies going 80/20 or 75/25 to just get some experience going and attract investors in w/higher potential returns for the limited partner. 

It may not apply to every deal but still really good information to know:  FHFA Announces Maximum Conforming Loan Limits for 2018

I have 30+ properties, sales, purchases, multiple entities, different tax years, K-1's to send, k-1's received, W2 income, cap gains, cap losses, etc....To keep things simple I will give an example of the type of thing that has happened on two recent tax returns:1) It was an issue where an appraisal mattered. 

I have seen many cases where it never worked out and the people had to take the huge loss and move on with no recourse.You just have to be extremely careful.

Seller Disclosure form P&S Agreement (contract) Sub To Addendum Seller Disclosure Addendum Sellers Disclosure (Trec) Authorization to release Loan information Homeowners Cancellation Form Notification to Lender of Change of Address of Borrower Limited Power of Attorney Special Durable P of A for Real Estate Transactions Affidavit of Marital Status General Warranty Deed Subject To Existing Mortgage"links suggestions and feedback is appreciated. 

I read somewhere that a person can have 4 mortgages at a time as the max limit, is it true?

I would love some insight from existing investors on what I can do to limit any mistakes I may be prone to making in the next few months. 

This will likely provide an opportunity for you to put less down.IF you are speaking about purchasing in Phx as an investment, you are really limited in the down payment requirement. 

Personally, I would look at converting it to a MF but if you don't want to go to the expense of converting, it seems like your options are limited, correct?