There’s a heinous risk that lurks with every single rental property investment.  One false move with this powder keg, and your portfolio can go BOOM.  I’m Bryan Ellis… I’ll tell you what it is, and how to mitigate it RIGHT NOW in Episode #121---------Hello, SDI Nation!  Welcome to the podcast of record for savvy self-directed investors like you!  If you’re looking for advice that’s adequate for nearly any investor… strategy that any John or Jane Doe can use… opportunities for the masses… well then, this AIN’T your show.  I’m here to bring great clarity and expose exceptional opportunities to the affluent self-directed investor… and to you alone.  If that’s you, let’s get started, shall we?So, yesterday was a crazy day on Wall Street, huh?  The Dow was down well over 1,000 points to start the day, then it rallied back almost as much, only to close the day down a net of nearly 600 points.  Absolute insanity is what it is.And you know what?  All indications are that today will be a huge UP-day.  Not for fundamental reasons, but for reactionary ones.  And before I get to the focus of today’s show – which is one mega-risk that exists with rental property as an asset class – I’d like for you to ponder this, my friends:Core Value #1 of wise self-directed investors is this:  We RESPECT our own capital.  That capital came as a result of your own time, energy and effort… or maybe it found its way to you through the blood, sweat and tears of someone who cares about you.  Either way, that capital deserves to be RESPECTED.Is it really showing respect for your capital to have it exposed to the incredible risk that is Wall Street?  Is it showing respect for your capital to expose it to a risk that is absolute, ferocious, and wholly outside of your control?  Think hard, my friends.  Think hard.So, on to today’s discussion about rental risk – and how to mitigate it.  Just a quick note:  This week I’m hosting a GREAT training… I’ll be teaching you about 3 different geographic markets that MAKE THE GRADE as excellent rental property locales.  But even within those markets, not every single property gets the SDI seal of approval as SIMPLE, SAFE and STRONG.  But I’ll tell you EXACTLY how to find those properties and what makes them such great opportunities.  In fact, I’ll have several samples currently available to share with you.  More about this training at the end of this show, but if you’d like to go ahead and register now, you can do so by texting the word INVITATION to 33444 or by visiting SDIRadio.com/invitation.Folks, I think that buying and holding rental property can be a great way to build a sustainable base of wealth for your portfolio.  I really do.  Look – on the training I mentioned to you just a moment ago, which happens later this week, I’m going to introduce you to some great off-market properties that, in my humble but entirely accurate opinion, represent really, really solid investment opportunities.But I’m also a realist.  And there’s a risk that exists with rental property ownership that, frankly, is terrifying… and that most companies who market “turnkey” rental properties are careful to avoid discussing with you.What’s that risk?  Lawsuits.  And more specifically, the astounding cost of those lawsuits.Really, if you think about it, lawsuits go with the territory of real estate.  Even in the normal course of business, you’ll occasionally have a tenant who doesn’t turn out quite right, and will have to evict the tenant.  In most states, eviction involves a legal proceeding of some sort, and sometimes even a court appearance.  Sure, it’s likely your property manager who handles that for you, but the point remains:  Lawsuits really are part and parcel to the rental property business.I won’t spend any real time talking about mitigation of legal risks involved in eviction, other than to say that 99% of the battle there is proper documentation.  Documentation of things like:  The terms of your lease, move in/move out inspections,