He just helped my Doctor customer close on a Vacation home $1.2M home raking in over $125K in annual ROI.He is a Bigger Pockets member as well @AJ WongI'll look up Quorum, thank you.My theory is that if the numbers don't work as a long term rental, the numbers don't really work. 

Principal, interest, taxes and insurance. 280k with 20% down at 7% = about $1500 a month for PI.

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120. 

I would include at least the heavy hitters like title insurance, transfer taxes, appraisal, and paying my closing agent.

Hi James, We have many customers from out of state and people that build a strong portfolio from afar.

if it burns down, I will have insurance.  

Just get extra liability insurance on them.

If they settled out of court, why didn't insurance pay everything? 

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

Realtors also have insurance, tons of regulation, and hopefully experienced brokers that are all very interested in protecting you from scams during the home sale process.This is a scam.