Do a formal comp analysis -- it will be much more accurate -- and in my opinion, you should never use 2 bathroom houses to comp less-than-two-bathroom houses.

What I'm about to say is my opinion based on several factors; a. experience in reviewing thousands of RE transaction with respect to lending issues. b. legal aspects from personal experience and formal training and c. subjective judgment in applying learned experiences.

$5M probably would be better in terms of coverage.Second, in terms of piercing the veil, it varies state by state, but some common factors are failing to adequately capitalize the LLC, commingling personal and LLC assets, failing to follow corporate formalities, etc.

With their help you won't have to deal with the legal formalities and procedures.

Usually the lack of formal certification or experience in giving instruction often shows up in the curriculum, it tends to be more market driven than educational.

An "offer" and a "purchase agreement" are the same thing...basically, they are a formal contract outlining the terms and conditions of the sale.

This gives bidders at auction formal insight into the total amount due to gain clear title.

You could do an informal, or formal, assignment?

If a compliance professional (one who gives instruction in or provides formal compliance policies for lenders) gives advice on such matters, listen to them.

But if you have that in you, gain the knowledge you need perhaps with a combination of apprenticeship (perhaps working in a rental management company, possibly as a realtor with another realtor as your guide - choose who you take advice from wisely though) and some slightly more formal education at a community college.