For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

For example here in Ohio the plumbing is one of a residential property is one of them.

In retrospect, would it have made any difference if it were in a different market (primary instead of secondary, for example) or a better class apartment? 

For example, you might get a lot of units with owner financing, but be paying too much in purchase price. 

For example, if your asset protection strategy is to have a huge, confusing labyrinth of entities obscuring the ownership of your properties, you can't say it's a success story because you have never been sued or had a claim. 

. ;-)************************************************************Condemned California home with holes in roof, mildew, sells for $1.23 millionA condemned home in Northern California — with holes in the roof and mildew inside — recently sold for $1.23 million, becoming the latest example of the Bay Area's tight housing market.The home in Fremont was originally listed for $1 million but ended up closing at $230,000 over its asking price, listing agent Larry Gallegos told KTVU.

As such ive looked at areas that have better cash flow and perhaps better growth prospects, such as Edmonton, for example. 

For example, I just bought a duplex for 140K.

In the past, I've infrequently purchased homes from people going into nursing homes, and have ran into situations like the owner only being able to sell it (for example) 70% of the homes value.

For example if they're exclusively managing 50+ or 100+ unit properties in the area your 12 unit will surely be put on the back burner.I'd also suggest the following:- Reach out to a few of the top brokers in the area and request a referral to the best property management company for 50 units and under.- Locate some similar properties to yours (10 - 30 units) via the assessor and reach out to these owners.