Cities can adjust and fight it but there are already a few lawsuits.

A point about asset protection and lawsuit prevention.Liability insurance is all good and fine. 

If the seller knows you are an agent, and you tell them their house is only worth 50% of ARV, they are going to be pretty upset when they find out you made 20k selling it for 70% of ARV and this opens you and your broker up to lawsuits.

So I doubt you'll get much traction with a lawsuit, unfortunately.Take it as a learning lesson, it is truly up to the buyer to verify.

While I don't do the day to day management activities for all the properties, new properties I will on board in to my management system myself and leave the older properties with my other managers.I remember an article I read about law suits.

If you can make money you can make it before and after a lawsuit.

Vince Arena closed on his first HH in March of 2021.Investment Info:Single Family Townhome with a 1st Floor walkout Mother In Law suite in Wheat Ridge Purchase Price:$499,000Cash Invested: $29,850 (including furnishing STR)What made you interested in investing in this type of deal and strategy?

It would have to be a single unit property for me to use that logic.Something else to think about: If that sex offender ended up being accused of any type of sexual crime committed against one of your other tenants and you the Landlord knowingly rented to them, you will be in the cross hairs of a lawsuit.

I also built an in-law suite for my wife and I so we could house hack the property.

Nail and mail service means you don't even have to actually find the person to serve the lawsuit papers, so delays in service are not an issue.