While listening to financial independence podcasts I picked up on some interesting info.

Lockout protection: No one wants a call to let a tenant in because they are locked out. 

I was a senior in college studying business management, evaluating my personal financial situation, and determined to be a wise steward of my first paycheck after I graduated, knowing I’d be climbing my way out of about $20,000 of student debt and several grand in auto loans.WhIle searchIng for somethIng productIve to lIsten to on a jog I found the bIggerpockets podcast.Ive learned more from BP than I ever dId In college.Despite math, my wife and I made the personal choice that we’d pay off our student and car loans before we got started.Fast forward three years later we paid everything off and saved $20,000.

Get an umbrella liability policy and protect yourself that way. 

The owners, by definition, are in financial distress and just not in a position to do it.

Hi all need help.. i live in NJ but i am hearing i will get more protection if i create my llc in a state like Nevada and just register in nj as a foreign entity, which i believe will cost more since i now have to pay two states fee.

If only for 1-2 years and you want to be safe, 2 suggestion:1) TIPS bond funds (Treasury Inflation Protected Security)

My main concern is the financial part. 

By creating a written lease agreement, you give yourself the ability to create restrictions on the tenant to protect your investment.

Here's why: Big red flag is that he wants a contract before he is willing to show a potential buyer the financials of the property.