Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

In areas with rapid and sustained appreciation, you can use the equity gained through appreciation to purchase additional properties.

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

An umbrella policy for additional liability. 

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

I'm happy to answer any additional questions as best as I can. 

I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Additionally, any existing restrictions at the town level (there are MANY) will be abolished, unless deemed "reasonable" by the state.

Removing it cost us an additional $5k over our estimate.