During that time, what was the top two things you did with respect to your rental properties that let you sleep at night?  

However, in the event of a willful and wanton act, there might be some more liability, but that certainly goes beyond negligence.With respect to the disclosure, what does the actual document say?

I think it is obvious that this is going to depend on the market and your respective offer being submitted.

Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).

In the Rose City area of NLR, many of the homes ARE in a flood zone which, as I am sure you are aware, will increase your insurance and reduce your cash flow, which may not be that much of an issue for you with respect to how high your cash flow numbers are.Best of luck.

Response to Angela DeBorjaI believe you need to be where sellers, owners, investors and auction bidders are to really be market wise.Learning this business has many advantages, but also giant pit falls; tenants suing you, not paying rent, rent escrow, no income (mortgage must be paid), repairs, unnecessary calls.negotiating with sellers can be distressing; tax sale, mortgage foreclosures, health issues, bankruptcy, estates.Bidding on tax certificates, lots of competition.I like to avoid the competition and deal directly with people who really want or need to sell.Go where you are respected and appreciated - to the sellers who want an offer.Rent court - who goes there - tenants who don't pay and----- and landlords with tenants who don't pay!

We own two properties under our LLC, If they are both sold this year, we have to separate all costs to the respective property, correct?

My respect for licensed brokers has risen 100 fold. 

Very much a"block to block" city, with respect to "niceness."

Since you are a disqualified person with respect to your IRA, no transfer can occur between you and your retirement account.