Risk reward consideration.  

Purchasing property requires a considerable amount of cash upfront.

"Under the provisions of Section 1101.002(1)(A)(ix) and (x) of the Real Estate License Act a person making a referral of prospects or property for the sale or rental of real estate must be licensed under the act if the referral is done with the expectation of receiving valuable consideration.

The going rate for private money is considerably more than 7% (generally 10-14% in 10/2024).

He said that:" licensees are not allowed to pay consideration for referrals, defined as anything of value, to someone who is not a real estate licensee.

Thanks for all and any considerations. 

In this post, we’ll explore the key considerations and weigh the pros and cons of making the switch.Why Investors Use Multiple Carriers in the First PlaceMost businesses start with multiple insurance carriers for a few simple reasons:Cost – When starting out, investors may opt for the most affordable insurance options, which often leads to picking different carriers for different coverage areas.Specialization – Some carriers specialize in certain locations/aspects of the property. 

**Tenant Considerations:**If the property is currently occupied, you'll need to notify the tenants and possibly provide them with the right of first refusal or relocation assistance, depending on local laws.### Additional Tips:- Conduct a market assessment to ensure this conversion makes financial sense.

@Ross KaneThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

The lots themselves are located on a State Owned and Enviromentally Protected Lake, would there be extra considerations made?