I think holding in your personal name with an umbrella policy may be similar risk wise to holding the property(ies) in an LLC but with perhaps lower overall costs after factoring minimum taxes and fees associated with an LLC.Perhaps an atty could tell you what the process would be for transferring properties into an LLC, but I don't imagine it would be difficult. 

Form 1065 in turn reports taxable amounts to the partners for inclusion on their income tax return.S Corporations, tax-wise, are similar to partnerships, but there are some important differences.Limited Liability Companies are also similar to partnerships, but, again, with differences.

An attorney review would be wise.

To consider Vegas on average has as more already going for it as San Diego or LA, S.F. long term REI wise might have to partly ignore some basic supply and demand + jobs base fundamentals perhaps. 

Maine, in general, outside of Portland can be a challenge Real Estate wise, mostly due to employment,  or lack of it.

It was way more (percentage-wise) than for a hard money lender, despite an entire year going by.

Have your hubby-to-be buy/rent a place near your work (that is still a wise financial decision), and stay there during the week if it makes your commute better.

As @Federico Gutierrez pointed out this is an investment marketed on BP by Holton-Wise.

Even IF it all goes in your favor with those prices you outlined you still don't hit 1%Much easier  to follow @Matt K. wise words

I have been a buy and hold investor since 2005 but this site is where I learned all things (academically) flipping wise.