Here is the exception case based on legal federal only exception and not in every state you can apply Ms.Murphy exemption.Tell me please what's your main concern besides ability of tenant to pay rent?

Of course, she'll flay you in federal court for it.

In that case, you'd form the LLC first, wait for AZ's approval time, then once the LLC is approved, get your Federal Tax ID Number (EIN) and open an LLC bank account.

In 3 words, "The American Dream"Legacy of financial freedom and independence for my children.I grew up with extremely dedicated 1st generation immigrant parents who sacrificed a tremendous amount of their life for their children and no amount of money can replace their love and hard work for my sister and I.However, as they face retirement - hard work was not enough to keep them from depending on government social security and their kids.  

The rules and laws that govern the earnest money is different in each state.

Once you understand whats being proposed by the local government for the area, then you can make an informed decision on whether or not you want to invest there.I'd also look to acquire property for about half of your budget and pick a property you can successfully reposition.  

However I also heard that because of this that the government subsidizes the insurance coverage.  

First, you must select an exemption at the state or federal level that allows you to do what you want to do, such as Regulation D, rule 506(b) or 506(c), or an intrastate exemption (where everything – you, the property and your investors are all in one state).

Federal law (EPA) requires asbestos be disposed of at an approved facility. 

Taxes and Other Government FeesRecording Fees and Other Taxes $375Transfer TaxesF.