500,000 is not enough if your family depends on your income for support and you pass away prematurely. if you borrow from the policy you reduce the face amount and universal life does not have Paid up additions as indicated by a previous poster.

I firmly believe LB, most of LA County, and OC are not yet near the bottom and we can look forward to some additional moves before the market wipes out all of those that are jumping in prematurely.

My apartments are 30 years old.I have a maintenance guy do unit checks every 2 weeks.Basically checks water heater,heater,outside unit,light bulbs,ceiling fans,electric,plumbing,etc.We have water included in rent so stuff like replacing springs and o rings in the showers to prevent drips and replacing flappers in toilets to keep the water from running all the time.Sometimes the shutoff valve at the wall for the toilet doesn't close all the way to off or the float mechanism goes bad.You can buy a water pressure tester at Lowe's for 9 dollars.Just screw it on check for pressure.Should read 60 to 80 pounds.If it's higher than that you have to find the pressure regulator valve next to the water cutoff for the unit and adjust it.After adjusting if the pressure doesn't go down to 60 to 80 you have a bad pressure regulator that needs replacing.The importance of this is pressure is set for the cities and counties at around 160 for the fire hydrants.If pressure is high inside the apartments it can cause leaking and premature failure of plumbing parts.On the insurance we are required for replacement value and can't do market value.

You may just be a 'victim' of one of such calls.An issuer may call its debt (prematurely pay off initial investors) for a plethora of reasons especially if it has a cheaper source of funds, ability to fund its functions with internal or alternate funds or just due to adverse drastic rate changes in the market.

If I decide to proceed with the line i'll keep what you said in mind- i did not think that the bank calling the line prematurely was a risk.

Sorry- apparently I hit "send" prematurely.

The two main premature killers of furnace components are poor installs and a lack of maintenance.

You do have to make payments based on a 5-year schedule or the loan could be treated as a premature distribution with tax and penalties. 8)

But ultimately I keep plenty of cash reserves so that I am never forced to sell prematurely.

If your number of assets is getting larger you may want to have a discussion with the attorney about an estate planning aspect, for example it may make sense to have ownership of the properties in some kind of trust, but if you don't have many assets (or dependents) then maybe it's premature at this point.As far as filing to create the LLC, my usual advice is, if this is your first time, use an attorney and pay attention to what s/he does.