Excessive traffic wear and damage resulting from neglect or failure to take precautions to preserve flooring.

Are there any precautions I should be aware of before purchasing? 

You must keep it safe and take reasonable precautions in its care.

One precaution is that frequently people hire attorneys or accountants who are not CRE investors themselves so the advice given is not from the perspective of an investor. 

I know what can happen and I take precautions against it.

Partnerships (active and passive) are another option (exercise the usual precautions).That's all I know at this point. 

Now i’m not talking that Air bnb stuff (although we will tap into that world after the shaky virus precautions). 

You need to factor that into the costs.Requiring a renters policy with a minimum of $500,000 as part of the lease might be a wise precaution. 

Money is good and your home will stay rented … but you will need to check up on your tenants about 4x per year, change filters yourself, remind them every single time the temps drop to take freeze precautions (and I still drive by to see its done), etc. 

My friend who lives in Delaware is wanting to create an LLC and start buying and BRRRing foreclosures in the Delaware area, our goal is to save up enough cash and be able to buy without pulling out a loan any precautions or advise?