Let me clarify, the house that is situated next to the home I am trying to get was just built and is valued at $5 mil.

They generally take a few months, are quite effective, but costly.There are other ways to deal with these situations too, but you need a militant code enforcement regime like we have here in SoCal.

Perhaps I need to set up landlord insurance through the LLC, but it gets confusing since the homeowners insurance already covers the whole property, and landlord's insurance likely wouldn't just cover the MIL.

As far as the proof of only 25k goes for the 5 mil, it seems they will leave it up to me if I can make the LOC work or not.

(All I know is that for $1.9 mil...it better be a pretty prime bldg and location...cause 1.9 is San Francisco prices ;)

However It’s a bad idea because it can be used as mIlItatIng evidence of discrimination based on national origin, which is a protected class, but not really In this case as you presented the facts.Can you provide a link to this story?

.- govt. permit targeting by county has become big issue like never before..militant,,theyre driving around for investors...surprise inspecting...per insurance co. pressure.- I heard famous injury attorney on my church radio today )if I understood correctly) advertising to file for lawsuits related to pipes older than 1975 not being re-plumbed by investors..so no shortcuts..extreme diligence.

Just today, Green Street Advisers is warning about a deadly combination that may hit some rental markets soon - accelerating supply and decreasing demand, as the Millennials age out of renting and the following generation is much smaller in number.All of this militates for a very conservative approach to investing in apartments - exactly the opposite tack being taken by investors out there  "making" deals work.

In 20 years, when those houses are paid off, you'll be making 1k per house per month or 120k per yearand you will NEVER have to dip into your net worth to do it.Better still, your net worth will continue to grow as year 21, the value of the homes will go up another 3% so you're nest egg will be 55k bigger.If you were to have a 401k with 1.6 mil, it is NEVER going to pay you any money unless you start taking distributions.

I know a dude who purchased a quad in 1973 for 13k and recently sold it for a mil.