I drive a 95 nissan pick-up, Paid for, good milege Why spend 50k on a fancy car that will go down in value ( not counting collector vehicles) I would rather spent 50k on a down payment on more real estate for more cash flow

That's if we're thinking strictly Houston, but for such a budget I'd put that money in a diff city or diff investment vehicle.

The umbrella provides coverage over the primary policies (provided you have the required Liability limits on those policies) for those vehicles as well. 

When you apply for a home loan we only look at the monthly payment and on student loans we only hit you with .50% of the payment or in some cases if it is deferred for 12 months we can ignore it all together depending on the program you choose, for example; FHA, Fannie Mae, Portfolio etc.Another trick is if the installment loan on a car/vehicle only has (10) months of payments remaining or less we can "Omit" it all together.

NOT LEGAL ADVICEYou need to set out what your goals are to begin with in setting these vehicles up.

Would tax liens be a better vehicle for that?

Not that it is quite the same but my umbrella policy provider stopped covering vehicles in CA.  

-No garage for luxury vehicles.

You get returns on your equity AND the debt, which you can't do with a CD or any other vehicle. 

We had a crazy South African tour guide and a mechanic with a support vehicle follow us.