If both houses were sold in 2024 then the loss will negate the profit from my understanding.

I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.

We have around $150,000 available for investment.We understand that finding deals in this price range in Phoenix itself might be challenging, so we’d love to get your input on areas near Phoenix where our budget could work.

If I understand what you're saying correctly, no, it doesn't have any balloon payments.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities. 

If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years. 

It's important to understand that a person can sue another person, but that doesn't constitute a judgment.

Once the above skills and tools are acquired, understanding the sequential process of the development along its timelines and costs needs to be correctly implemented.

Just trying to understand what is practical applying the same to a large RV or boat

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.