Just know the LLC's exposure is the real exposure so if you have 3 $1million dollar properties all paid for, you're exposing that.

Common reasons:1) Change of closing date (instead of closing end of month, if it gets pushed to beginning of next month, prepaid taxes, interest and insurance will increase because you have through to months end)2) Appraisal comes in low and LTV goes up.

Boots on the ground that aren't being paid.

You can't increase the rent, rent may get paid late, internal arguments, etc.Make sure to balance all the pros and cons in your situation.

I asked if that could be a condition of the loan that the taxes are paid out of it first.

@Glenn Larsontypically - the property has to be paid off with no mortgages or liens. 

I just closed on a Fourplex 4 unit in Indiana for a guy in CA who paid $355K.

Here's a summary of the communication: I would get paid 3% interest for wiring $91,000 and get my money back within 24 to 48 hours with a double closing.

I could have easily paid for it, but I did it myself for the exercise.

I paid mine off.