I'm going to try to post snippets of things I've learned this past year as a way of paying it forward and gratitude for all I've learned and keep learning via this community. Today's lesson: why I won't use VRBO Pre-A...

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

People have provided you with multiple options.

I know some good people that have went to dinner, had a couple of drinks, drove home, and got pulled over.

Anyone know of people that got audited for being a RE prof and what happened?

Sometimes we see large amount of equity in a primary residence that can be borrowed against, even in 2nd position if it has a great rate that you don't want to lose.  

Landlords would be free to take chances on irresponsible people with bad histories. 

Even without names, letigious people will find a way to say you lied or defamed them in this context.

If you put down an earnest deposit, you might lose out on that if you decide to back out(potentially). look at the agreement.The more important thing is, do you quality for conventional financing?

Said it great .Especially  A legal contractor has more to lose than a homeowner .