This storm was larger with more rain than previous storms and I think you will see some very interesting law suits regarding letting water out of reservoirs in Houston (caused many homes to flood that never flooded before) and also Lake Conroe (exacerbated flooding along San Jacinto River).

Start every business relationship with a lawsuit, that's what I always say. 

@Chatoyer Woodland I bought it under my name but I get the supplemental insurance to protect myself against lawsuits from tenants 

I think it’s worth expanding on that disclaimer by mentioning that in syndications that specific risk is complete loss of capital, or having your money tied up for years in a lawsuit.

Another idea is finding a SFR with a mother in law suite or something of the sort that can be converted into a rental.

Lately about 50% of the meetups have been on local (mostly city of San Diego) STR regulations and the law suit fighting the arbitrary quota.  

There is actually a lawsuit in the PA supreme Court about it you can look up.

I also look for lawsuits and see what happened in them.

Unsurprisingly most lawsuits were lost by the plaintiffs, and the few that were “won” usually resulted in small changes in either the wording of the regulation, or a slightly different compliant regulation being substituted.

If you're fully managing a property that you don't own, then most states require you to have a broker's license to do that and you can get in trouble if you don't have the right license and insurance (plus expose yourself to a lot of legal liability if anything goes wrong with the property and there is a lawsuit).