Law suites can be outrageous today based on the number of ambulance chasing lawyers advertising to attract frivolous law suite clients.

Not everyone is suited to be a landlord. 

Purchase price: $86,000 Cash invested: $25,000 2/2 condo both master suites. hard wood flooring throughout the living and dining room.

I'm looking to purchase a home in Erie or Broomfield CO, where my family(2 toddlers, 2 huskys) can live comfortably on the first two floors, and we would rent out rooms/suites in the basement.

After i added the Homer Simpson Flare I funded some Instagram and Facebook target marketing to try and create a buzz.

I guess what I’m asking is, if you an owner turns over management to a PM the owner is no longer liable for any potential law suits? 

I came across a similar deal in my area, already set up triplex (separate suites, kitchens, the whole deal) with a huge monthly rental income when compared to the asking price.

I am familiar with a former longtime landlord of mine & my beau's who may have some notes to sell (so they can get out of the tenant/flipping/rehabbing headache, & possibly retire) , as well as  a partially vacated plaza near us who may need some seed capital to cleanup the property & fill their longtime empty suites back up. 

Property location is well suited for short term vacation rental.

While the chances of the SEC or a state securities agency getting involved are small, it is quite easy for an attorney in a civil suit to show a violation, and thus score a successful judgement against a syndicator.