I also hope that my lack of knowledge can be mitigated to some degree if I have ten properties in a variety locations compared to a single large basket.

You cannot cherry-pick a single MFA investment and compare it with a basket of 5000+ stocks.

You leave a HUGE market open , low hanging fruit if you do not do DMM.Older folks still look to newspapers for help.

I would not deliberately try to profit off someone’s misery .i can’t help the choices they made in life with their income and investments .I’m just saying it’s a natural consequence of not planning and putting their eggs in one basket could result in them becoming renters in a down economy 

A letter campaign to individuals who may have an English basement may be fruitful. 

Finally, with the use of Trusts while establishing these structures you can add a level of anonymity by removing your name from public record.Insurance is a great first step, but I never throw all my eggs in one basket.

It's some good stuff, not the cheap Hanes and Fruit of the Loom type of deal.Looking forward to the next conference!!

I look forward to reading your responses and engaging in fruitful discussions.

Even if he doesn't intend to sue you, his insurance company almost certainly will (called subrogation).If the house is in your name, they would be sueing you personally, and going after all of your personal assets and income...anything that is in your name is fair game.If the house is in the name of your LLC, they can only go after the LLCs assets.Many people form a different LLC for each property (or every 3-5 properties) for this reason.Similarly, if something like this were to happen, you might have the option of declaring that particular LLC bankrupt without affecting your personal credit (personal loan guarantees notwithstanding), and you might still have several other LLCs that are still operating and financially sound...the bankruptcy of one does not necessarily affect the others.So it's a matter of not putting all your eggs in one basket (and not mixing personal eggs with business eggs!).

A basket of goods might so down while one goes up.