I see people lose house all the time for not paying their property taxes.Sell the house to pay off debt before you lose it.Bankruptcy protection will not stop loss of property for unpaid taxes.

I would think that if the housing market dropped by 50%, you are protected in the form of having your tenants pay your mortgage, even if it is underwater. 

I would say, on very rough pricing from them, you are looking at rough estimate of $10k - $15k for ESA (Phase I environmental site assessment), PCA and Zoning and ALTA survey reports. 

Phase 1 Environmental Site Assessment (ESA)2.

Be sure that your contractor is licensed, bonded, and insured in order to protect yourself.

I’ve heard about self managing owners creating alias cards or introducing themselves as the “property manager” using a pseudo name for identity protection.

Just a thoughtMy economic reviews of Austin indicate we are very well protected from any major economic downturn.

Inspections will include not just a physical inspection of the property, but also engineering assessments; environmental assessments; zoning and permit inspections; leases and service contracts and finances (3-5 years, preferable prepared by an accountant).   

Demand, location, positive cash flow whether you are financing it or not, area growth, amenities, repairs, seller motivation, is it in a flood plane  economical pluses or minuses, property age, layout, historical issues, future projections, neighborhood issues, weather issues that are negative or positive, distance from an existing public protection, if provided, storage area, and property taxes. 

Do you think it should cost pennies for someone to give you millions of dollars of protection?