Liability insurance for future injuries on the dock?

If a property is transferred to an LLC, would that trigger a new appraisal for property tax?

Note that if you are 55 in an 401K and leave work, you can access those funds.I know folks that have pulled the trigger and just taken it all out. 

Yes, I foresee many potential issues that you'll want to consider carefully before pulling the trigger on an OOS property in a C or D area (see my previous post for details).Good luck out there!

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

How important is it to have a list of team members before starting out---Should I just pull the trigger on a place and send an offer if it works financially and learn by trial and error? 

Taxes are $1175.I am thinking of pulling the trigger and offering $46,000.

Only when you have a solid foundation in underwriting would I pull the trigger on a purchase because as you have seen - it will be a money pit for awhile and if you don’t have the exit strategy to pay everyone back - it won’t be your money pit long because they will foreclose. 

All it takes is 1 or 2 dominos to fall in a specific market that could trigger action but agreed the banks could be propping this up from happening.

I have a parcel in Michigan just waiting to pull the trigger on building