I talk with a lot of investors who are stuck when the HOA fee goes up and they no longer cashflow.With SFR you are in control and have many other exits.  

@Jay Hinrichsundefined some markets are just too hot and have too big of players chasing what little land there is and if your going to get anything you have to close..

This is unfortunately the downside with hiring full-service property managers; you lose complete control of your unit and finances.

On the Development risk side, I told her I would never put us into less than a breakeven deal potential.Development there are far too many moving parts even though our process control is broken down into bite sizes.  

So, that is within your control.

Here's a map comparing income tax rates by state.Rent control: Never invest in any city that imposes significant limits on your ability to manage your own properties.

Later, I received an email from VRBO stating that they could not lift the restrictions if we could not prove a disaster and that the cabins had actually flooded.These folks are out of control.

His family is a major player in the affordable housing market and new developments.

I got un-renewed by my old ins and rejected by almost all ins companies (except for some crazy ones quoting me 10k/year) on my primary house, which is far from any fire zone but I had 2 claims on my 2 rentals (I am a small player so under my name not LLC) in the past 3 years so I got fked. 

Further, these “asset protection” methods are under constant creditor attack through the courts, meaning they are probably of benefit only a short period of time, UNLESS, true CONTROL of the asset is given up.