The bigger issue you may face is FHA underwriting requirements are very strict on what they call Property Condition Requirements, aimed at protecting the health and safety of the home purchaser/borrower. 

I have been browsing post on the Coronavirus and I frequently see comments and posts claiming the government is not protecting landlords and only seek to guard the rights of tenants.

They are protected under RSO.   

How do I protect myself legally from them selling the property within that time frame and protect myself from appreciation in the future if the home gets valued higher than what I am comfortable of paying?

Most REO deals prefer cash or private or hard money.So, many new investors think foreclosures are good because they are priced lower, but they are disastrous options for first-time investors as the inspection ability and repairs requests are limited to none and foreclosures also often times come with tax liens and other liens that may all not be fully disclosed at the time of the auction.If you are a first-time buyer and want distressed, you can look at HomePath properties which are Fannie Mae REO and they can provide a bit more protection to you as a buyer.

The cameras are outside in my driveway and my front door, I checked first and I can put cameras in “common” areas to protect my property, but I don’t have cameras in her front door, my cameras recording my driveway and her guest parks his car there too every day... 

@Lance LvovskyI am just trying to better understand why is an LLC so much touted for it's asset protection?

Could it help with asset protection?

For the past week I’ve been trying to figure out if I am allowed to start an LLC for asset protection and have gotten some conflicting answers from several different lawyers.

I also think limiting your access to financing and not receiving the lowest interest rates possible can hurt you.Get umbrella insurance if you want to be protected.