Talk to your lawyer about how to set up your LLC and ask whether or not it will be worth it to protect your assets, or if something like a robust umbrella insurance policy will suffice. 2) Potential tax benefits.

Obtaining a loan through an LLC can be difficult though, so you may want to look into that before going too far down this path.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Suffice it to say, financed 1-4 properties are the big one.Here is the link. https://selling-guide.fanniema...

I think the fact that you just woke up is less the issue than the fact that I feel the need to use 100 words where 5 will suffice. 

Kids can get inside and they could sufficate!

Not sure what the home needs but $40k seems like a very small budget rehab which may or may not suffice.

My attorney said in CA, immediately returning the funds deposited by Money order with a letter indicating rejecting rent with suffice for eviction.  

A Lost Note Affidavit with a copy of the original note suffices legally for standing and enforcement.    

Suffice it to say, he will NOT be getting the application he requested.

His previous expierience and net worth are sufficent.