Some investors, (and some attorneys are comfortable advising)  running without an LLC for some people and instead having an insurance policy in place to cover most likely scenarios of paying.

Thanks Dustin And thank you for your comments and insights here - I haven’t seen the prior inspection report yet but I will need to see it to check it all off before I feel comfortable proceeding and closing.

Think through the scenarios - could you comfortably handle two months of vacancy while needing to replace an appliance & prep the unit before next tenant moves in (> $10k)? 

That is okay they are selling a product... except you're not comfortable with the deal so walk away and find something else.

Does your cleaning service stay at your units  long enough to wash/dry the comforters before making the beds or do you have a second set that can be put in the beds right away.  

I am not comfortable doing Flips or Rehab while I live in Hawaii, I would rather do my first few investments in the Texas area, then when I get more experience I can go out of state.

I like your planting trees metaphor - it comforts me.

Hey Bans, If I were in your shoes I'd take the ARM.

Cornhole board games, Horse shoes, Volley Ball net or Basketball net, Non expensive poker table with cars and chips, board games, Playstation or Nintendo for the teens, even spend a little extra for a full size stand up arcade game.You would be surprised the extra stars and kind words a few family nights of fun can make memories and people wanting to come back!

Hard Money Lending: Hard money lenders are generally comfortable lending to LLCs, especially for investment properties.