Do your homework and if it is all solid, then pull the trigger.

:DCare to share some of the calculations that led up to the decision to pull the trigger on that last property?

Many seem to have some sort of mental "braking-mechanism" that stops them from doing the very thing they need in order to succeed: ASKING.If you want help, asking is the thing that triggers helping hands to take action.

[actually this specific case may not be the best example b/c according to case law in Massachusetts, negligence with safety and locks tends to solicit particularly harsh penalties from the judges, but you get the point.]The difference between this protection and that offered by having the LLC own the property is that this protection may shield you from liability that you can show was "property management-related" if the LLC is clearly a property management company.

Is your sale going to trigger a due on sale clause?

If a member of an LLC (even the Managing Member) commits a crime or does something that triggers a lawsuit, the LLC will not protect them.What can be done is the personal assets that the person one time owned but put in a trust or other vehicle will not be lost if the person really does not own them.

On some people, he's short and harsh.

Are they aware that they MAY trigger some federal GIFT tax?

However, some people haven't pulled the trigger because the target isn't in site.

Well the subject to appraisal condition is trigger allowing you to A. back out of the deal or B. or back to the negotiation table and show proof to the seller that the property is not worth $500k but rather $25k less and him either has to lower the price to the appraisal price or the deal is off because one or all your conditions on the contract were trigger.They basically allow you to back or renegotiate the pending deal.