First how do you deal with tenants do you screen them like a regular long term, even though I believe that defeats the purpose of short term.

With Letters, an encumbrance might be defeated if PR had limited powers without a specific court order authorizing the encumbrance is verboten.

Agree with Tom on this one - defeats the value and purpose of life insurance and could be devastating to your beneficiaries

I also seems to defeat the idea of improving the neighborhood.Has anyone else faced a similar situation?

But other people tell me that if the mortgage of the properties is still under my name, it will defeat the purpose of having an LLC and that I should be better off with a very good umbrella policyI am a totally newbie on the matter and do not know who is right and who is wrong. 

A bad rehabber can snatch defeat from the jaws of victory.

The point of having a corp or LLC is to keep personal liability limited - signing a PG defeats the entire purpose.

Conversations with my lender have alluded to this being an option, however they say we would still need 20%-25% down which kind of defeats the point because you won't refi to recapture your initial investment.

We're running into an issue with agreeing on titling, I've been told adding my own name to the title then defeats the tax benefits of an LLC

We've been very busy and to date, we defeated the tax levy; we humiliated our disgraceful mayor who was running for judge (he lost with only 18% of the vote); we humiliated a disgraceful assistant law director who was also running for judge (he lost with only 20% of the vote); we were going to recall the mayor, until he decided not to run for re-election; our group was instrumental in convincing 3 other disgraceful city council members to not run for re-election; and we're now involved in a fight to replace the rest of the disgraceful city council members, the law director, and to have control of the local water department taken away from the city.