For my clients buying this as a vacation rental, even if they got coverage and could rebuild after a fire, the value of the short-term rental in Colorado would be ruined b/c no one wants to visit a scorched mountainside.If you're an agent like me working with STR/second-home buyers, or your just buying yourself, navigating the wildfire risks and other natural-disaster risks of a home are now part of the transaction.

The key is to understand that the member or economic interest in an LLC is considered personal property (see NCGS Nature of ownership interest) and transfer is relatively easy.

It’s human nature.

Essentially, this boundary delineates the city limits of Lexington and regulates new building developments within its confines, preserving the surrounding rural, natural, and agricultural landscapes.

It may be close to one of the nicer areas but perceived and natural barriers make the two areas very different places to invest.

If you are evaluating properties with old combustion appliances be sure to check for carbon monoxide and or natural gas leaks.

Depending on the nature of the renovations, you may not be able to deduct the full $40k in 2018.

Ideally, the Borrower would make a single payment like they are used to and my Investor has security based on the hypothecated Note.Or, must/should I have Investor in 1st position with a Security Instrument and Note based on agreed to terms and then create a Note Rider for a Wrap Loan between my LLC and Borrower spelling out those agreed to terms along with a 2nd Security Instrument in 2ndposition.Example:Borrower Pays: 12% and 3 PointsInvestor gets; 8% and 2 points (spelled out in a Note)LLC gets: 4% and 1 pointPerhaps there are a number of ways to skin this cat but I’m looking for a simple, yet protective, approach for both Investor and LLC.Thanks,Steve

Even GP investment sometimes is not real investment if their skin of the game is coming from their parent or loan as well ( a LOT doing this).

No matter what, if this is your first investment property deal, you will have to have some "skin in the game" with anywhere from a 10% to 25% down payment, plus closing costs and required reserves.