Leverage is a tool that can injure you if not utilized expediently, with consideration given to both the risk and the reward.

Let's say someone is injured on your rental property and they come after you.

There are so many scenarios but the short answer is if someone (guest or homeowner) is injured on these community streets, they're not going to sue one owner, they are going to sue the Association because the Association is responsible.

In reality, if one of these sole proprietors is injured on your job-site he is very likely to sue you.

My advice to you would be to purchase well before you get out, I ran into an issue when I had only a few months left on my contract, and if it wasn't for the fact that I was severely injured in Afghanistan and was going to receive a high rating from the VA I would have not been approved.

Does your locale affect your ability to do short term rentals; and How does someone getting hurt, injured, etc on your property effect things?

My understanding is that the buyers hold the responsibility of ownership, thus, if they were to injure themselves on the property, I would not be liable for damages.

However, statistically speaking you are far more likely to become too sick or injured to work than you are to die during your wealth accumulation years (25-65).  

Someone get's injured, or worse, dies.

But you need them both.Likewise, insurance doesnt protect and partition off your personal assets if someone is injured on your property.