The sellers are good family friends, so not worried about lease backs etc and the chance it becomes a legal battle.

If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.

or “Is it legal to build a treehouse on a duplex roof?”

Hi Melvin,Origination charges = 0 [Covered completely with lender credits]Services you cannot shop for = 2725 [This is the VA funding Fee]Services you can shop for AKA title work = 1723Total Loan Costs A+B+C = 4448Taxes and government fees = 3279 & G Prepaids and initial Escrow at closing = 10007Total cost including escrow = 14455

FYI, you must do this before any prospective legal action.

Other than the inspection report, there aren't a lot of reasons why buyers change their minds after submitting an offer.Since these are legally binding contracts, you could be opening yourself up to be liable for losing your hand money and even paying the full purchase price of the contract you sign.

At the time I was legal counsel at REIT  as my primary employment and the SFH's where viewed as a passive investment.

Hire competent, experienced legal counsel. 

this newly identified risk mandates increased revenue (rent increases) to compensate for the increased risk of the government allowing tenant to not pay rent and damage unit with no legal means to get rid of the tenant.Just prior to the period in the article, CA passed statewide rent control on MF (starting at 2 unit) properties.  

I don't think it's worth trying to sue the county over 6k, it may cost more in legal fees.This was my first flip and it has been a school of hard knocks.