And, in the seemingly exceedingly slim chance that a suit arises that brings tries to bring the LPs into play, chances are those attorneys are not going stop at your LLC, but will try to pierce that veil as well to get to you personally.And lastly, Duke's point: if you are looking to protect your investment from liabilities that may arise from you personally, that is another matter.  

While looking at a unit next door (MLS), I met the owner of this unit by chance and started talking.

There is a chance your best option will be to go over the asbestos siding with vinyl.

What does it mean when I see a mortgage and debt balance and public record balance compared to estimated value??????

If you have a statement from a few months ago that shows interest rates and payments you could back into an estimate of what they owe - or just contact the mortgage company.Before doing that though, the first step is to really drill down on a number makes sense for you to buy the house.

You say you are good at running the numbers on these deals and managing, so what is your ballpark estimate of how much money you are needing to be able to buy, refurbish, and run what you're looking for.

Accurate market analysis and conservative estimates are key.Underestimating Rehab Costs:Rehab costs can quickly add up.

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

I have a loan estimate from a lender that increases the loan amount by ~$3500 which essentially cancels out the out of pocket expenses, and reduces my rate to 7.5%.

Infrastructure costs of $900k for the development were estimated (late 2022).