Thanks in advance for sharing. 

Thanks in advance for any advice or resources you can share.

I would also like it with a 5 hour drive from los angeles so I can drive to the property.Thanks in advance for any help. 

I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.I'm also thinking about how this affects taxes, insurance.Thanks in advance for sharing your opinions!

But also remember to take reports by tenants of snow not getting shoveled with a huge deer lick of salt—the crew may have just finished and snow can and does accumulate rapidly in between trips. 

I would assume you will need a police report to file an insurance claim on theft.

So, you will need to stand behind the LLC's debt even though the debt will be in the LLC's name and not on your credit report.3.

I opened escrow at 8am and had updated and ready to go title report back by 11:30 am same day..

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project..Your title report should have alerted you to the issue.The payoff the escrow company got from the lender should have alerted you to the problem.Your interview of the seller before you bought the house, should have alerted you to the problem.You calculations on the numbers should have alerted you to the problem.Check, cross check and check again.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.