I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out.

We also allow users to amend a post at any time with additional information by replying to that post again, just like what happened here.We have no plans to change how the forums work as it pertains to the deletion of posts. 

Here is an example with some figures:My LLC total investment = $204,000Partner LLC total investment = $196,000Value of project when complete = $500,000Each LLC value afterwards = $255,000 / $249,000The plan was for me personally to go get the refinance loan because the terms are so much stronger than if I went portfolio with the LLC.Loan total = $300,000 (keeping at 60% or under of value for best terms from the bank)Partner LLC payout = $249,000My LLC payout = $51,000In this scenario, I am struggling to see how to get the remaining equity in the project into my personal name? 

And yes, there is a risk that your rates would go up or they can drop you - but unfortunately, many insurers in that are may already be planning to exit the market or raise rates on everyone to make up for loses.One thing to note about a claim like this, insurance will usually pay for repairs to the damage caused by the problem, but not fixing the actual pipe that broke.

Otherwise you have to plan for worst possible results. 

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.

If you can answer these types of questions you will know what is important as you game plan for the next 10 years.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

Solar panels and backup battery system installed in 2022, I have a loan for the system so that would eat into any sales.I'm in San Antonio, Tx.