Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

My problem is that the market that I'm moving into is hyper-competitive and most sellers won't consider an offer with VA financing compared to the conventional and cash buyers also at the table. 

If you need more space for your family, you could consider an addition, if there is space in the property for it.

But the buyer could ask the appraiser to consider an adjustment if you have solid data that wasn't considered that should/ could have been.  

Projecting 15% return starts to be worth it but I would probably pass but I would not consider an investor who chose the 15% return foolish for taking that route. 

Because of this particular aspect, many consider an LLC of little value for asset protection for investors.Even with that disclaimer, an LLC can be an important part of a good asset protection plan, as is adequate insurance.

I think anyone would consider an offer at appraised amount to be reasonable.

Yeah, it depends on the numbers, but what would make you consider an "bills paid" deal?

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Most who opt to take out a HELOC are mainly doing so to pay off debt and repay the HELOC with a lump sum within 12-24 months.Others are using the loan to purchase a property all-cash to avoid taking out another loan - since HELOC rates are slightly higher + they'd be getting another property with a 6.5-7.5% interest rate.I would consider an out-of-state property that you can purchase for all-cash.