Hello again all,This is my second post and I thought maybe all of you out there might be willing to indulge me in a bit of fantasy.

@Brandon Vannier It's like fantasy football.

Too many of us take on more debt (school, home, auto, CC) and live in the fantasy world that in a few years it'll be all paid off.

Inasmuch as tenants continue to pay at the same rates they have previously paid (let's not forget there are no "Pay Option Arm" or "No Income/No Asset verification" leases), these cash flows will be arguably more projectable than bond yields based on fantasy mortgage payments.

The last comment on this is I think people have some fantasy that an LLC is this invisible force field that will protect them.

Ok, Al Williamson, got my April insurance invoice and month over month, on an ongoing basis, by fine tuning my coverage, setting values at what they should be instead of the insurance company's fantasy AND switching my remaining properties to ACV (Actual Cash Value) from RCV (Replacement Cost Value)... drum roll please... savings of $261.78 a month or $3141.36 annually.

How much "fantasy" is provided?

I have bought units that were 50% or more below low market rates, and I have bought units that sat empty for a year because the seller couldn't find anyone to pay exorbitant, grounded-in-fantasy rates.

He is in the fantasy world with dream merchants.

I will agree that  single member LLC's are much more vulnerable than multi-member LLC's but I assure you there is nothing "easy" about collecting from someone who has set up their affairs properly in advance and understands the world of civil litigation.Also thinking that insurance of any type is fine on it's own is just fantasy (and I'm also a licensed insurance broker).