As Shawn mentioned above insurance is going to be a HUGE deal in Gainesville as well as HOA's.

The sellers are mostly hedge funds selling non-performing mortgages and the buyers are ideally local investors who would be likely buyers for the REOs once the foreclosures are completed.

Hi Carlos,I am in Madison, WI and we shopped around a lot when moving a few years ago and used Neckerman Agency (now McClone) who are insurance brokers. 

Not one member has ever said an LLC saved them when a standard insurance policy.

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Ideally, you network with people who have owned properties for a long time.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

That style of learning and introduction to true industry catches my attention as having someone in the space that understands the space to bounce things off of and learn from seems to be the ideal way.I have through a handful of the webinars and follow up calls with different companies and they all basically pitch similar ideas and strategies.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.