Umbrella policies seem to require the underlying dwelling fire to go up to a limit of at least 300K, so using that carrier would render the umbrella policy useless.

If you are in CA, then the upcoming correction might render a fixer-upper less valuable in a few years than it would be now, unless you're looking at more of a live-in flip situation where you'd be in and out in a year or less. 

I’m assuming most investors won’t maintain this distinction and will instead commingle personal and business funds or misuse business assets as personal assets, rendering the LLC useless.

Getting everyone under contract with a hypothetical rendering, getting the development approved, and partnering with a developer as a percentage partner. 

Though you may owe money for the appraisal or other services that were already rendered. 

The key is to no render the acoustic ceiling material friable (essentially crushing or pulverizing).

I'll see if I can upload a render.  

@Kurt Granroth that’s a great summation, but before you jump to a conclusion, you may have missed a subtle detail that completely changes the deal and renders your characterization of one of your above examples as incorrect.In the first PPM example that you gave, where your conclusion was that the class A investors and class B investors would equally lose, notice that the words “Preferred Unitholder” are capitalized.  

Internal Revenue Service, or (iii) received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) the individual is unable to pay the full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, a lay-off, or extraordinary out-of-pocket medical expenses;4) the individual is using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses; and5) eviction would likely render the individual homeless—or force the individual to move into and live in close quarters in a new congregate or shared living setting—because the individual has no other available housing options.

Here's the real problem with paying for any title search before auction: the VAST MAJORITY of properties scheduled to be foreclosed get a reprieve of some sort, rendering title searches on any of those worthless - but you still incurred the expense of the search if you pay for title searches.Learn to do your own ...Pennsylvania Sheriff Sales - Doing your own title searchhttp://www.biggerpockets.com/forums/41/topics/47830-bought-my-first-foreclosure-yesterday-despite-bp-advice-c-http://www.biggerpockets.com/forums/48/topics/48126-title-lien-searchhttp://www.biggerpockets.com/forums/41/topics/29921-help-bought-a-foreclosurehttp://www.biggerpockets.com/forums/103/topics/58702-purchased-a-hoa-foreclosue-now-what-http://www.biggerpockets.com/forums/70/topics/49919-tax-deed-in-floridahttp://www.biggerpockets.com/forums/41/topics/57660-which-liens-survive-foreclosure-http://www.biggerpockets.com/forums/105/topics/50670-dancing-with-deeds-liens-notes-mortgages-and-the-like