Hopefully it stays isolated within city boundaries....

Hearing your opinions and advice takes me out of my uninformed isolation.

I solely want to make the decision to sell or stay in the context of what's most business savvy. 

Similar losses happened all over that area from that storm so it was not an isolated incident.   

@Lane KawaokaCompany has a few equity positions (mainly retail) but nothing I solely own... yet. 

This (theoretically) isolates each asset, so if a lawsuit occurs, and there is no personal negligence on your part, only that one asset is exposed to any judgement.The more legal barriers you put up, the less attractive you are to plaintiff attorneys and litigants, as long as the barrier is legally defensible.As an example, consider two possible lawsuits with the same liability risk; one defendant has $2 million in assets owned  him personally;  the second defendant has $1 million in fully creditor exempt retirement account, $500k in his homestead in a fully exempt homestead state like Texas or Florida, and the balance of his assets in Series LLC. 

If it's a fairly small, isolated area, you can use bleach and kill it.

Since you are young and have enough investment capital for a down payment (both assumptions), looking at one metric in isolation will not be the best way. 

You might be able to get away with going over hardwood with special manufacturer's products that *could* be used without warranty (isolation membranes) , but very likely your tile is going to crack regardless.

Theoretically, you could create a new LLC for each property you owned, but I would think that could become cumbersome at some point.For notes, since they are considered personal property, I have heard that some investors have used personal property trusts to further isolate them from the investor's personal assets.