So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

Keep some for the unexpected. 

Not unexpected that this would happen, but I only want to sell to someone that fully understands what they are buying.  

Why would the lender give up some of their protection for the loan.If you want to put the property into the LLC to limit liability in case of accident, etc. so that if the property is sued only the LLC's assets can be gone after, suggest to the lender that the property be transferred to the LLC and you sign an addendum as an individual essentially as co-signer guaranteeing payment.As others suggested consult a RE attorney.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

The buyer may attempt to use a letter from the seller stating that he or she makes the contract payments on time, but unfortunately, most lenders do not honor such a letter.Williams warns that unexpected home repair costs may also pose a risk to buyers in a contract for deed.

I will increase the rent and the deposit amount to account for any unexpected circumstances.

The contractors, time, cost over runs, delays, draws, unexpected surprises, finding the deals, passing inspections  etc.

Imagine if you then lose your job and have some unexpected expense. 

If your tenant loses their job, gets transferred, divorced etc during the term of the contract I do not feel the PM company can foresee that any better then saying you will not be in a car accident this next year...