Rickey,As a new investor you want to keep all of your money in savings for the "What if Factor" meaning anything that comes up unexpected.

Just sayin'2) Maybe I just need to get out of So Cal otherwise known as the land of thinning margins, but down here guys would be salivating to buy property at 75% of ARV. 80% of ARV is getting a little scary because well you just never know if you planned well enough for the unexpected, and one expensive mistake could mean the difference between profit or a loss.

Especially thinking of how important it is to have adequate cash reserves, having an unexpected hit to your cash at closing can really hurt a deal.

Answering my own question, I did finally figure out how to reach Booking.com support, with a not unexpected 1 day turnaround time.

Columbus is a top five appreciating city in the US with an unexpected mix of cash flow which is backed up by a population and job growth.

When we purchased it, it was only cash flowing $70/month without unexpected expenses.  

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

The second you deposit something by accident yourself the 1031 now can't happen.

Keeping more in my pocket would potentially help fund the next deal or pay for unexpected expenses.

It's scary and you might genuinely fail, but really the worst that could happen is you have a bad tenant or unexpected repairs.