.), you'll want to do succession planning at the corporate level.

In this case, the tenant was paying the rent and responsible for it, not the corporation. 

@Jerrel Dobbs I have additional insurance in lieu of creating a corp or LLC and don't have a personal recommendation at this time. 

TL:DR answer: I live here, I love it here, and it's the most fundamentally sound region in America.Long answer, Austin is the most economically sound city in America.  

I am currently practicing as an agent but have my FT corporate job.

Let me know if you'd like some lawyer recommendations here.2) if you can find a lender (either in Norway or here in America) that will lend to you for your LLC, yes that would probably be the best route.

Assume the property is owned in their personal names (not an LLC, trust, or corporation).

Thanks,RafaYes you definitely want to operate as a corporation.

It also weakens the corporate veil once the properties are in a new LLC. 

looking to do a line of credit with Finance of America Commercial for a property that appraised low because I had gutted the property which had hurt my appraisal but the ARV is worth it . should I look for other financing options?