Then the sky is the limit. 

In most markets there are limited amounts of the distressed sellers, so they will burn them through pretty fast.

If they underinsure you because they are unaware of your net worth and a lawsuit occurs that is greater than your insurance limits...it will be your livelihood and material possessions at risk.

.- Limited Supply: Only 10 new MHC sites have been approved in the U.S. over the last two decades - see chart below.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP.

(It's not always as easy as "just create another LLC", sometimes due to time/logistical limitations and sometimes due to the extra ongoing expense & complexity of another entity.)These days, I actually think I prefer LLC names as generic and boring as possible, so they don't stand out and aren't easy to Google - a kind of pseudo-anonymity.

FHA and Homestyle loans are out of the question because of their limits.

So, I want to put a clause in my lease that limits my liability in the event my tenants need to stay at a hotel due to emergency repairs that make the house uninhabitable. 

Although prices are high enough to limit returns, buying property here is still relatively cheap.

So with turnkey your upside is limited on the equity (unless there is massive market appreciation).

Setting a maintenance limit is absolutely normal.