It doesn't in many cases and in fact can be a large anchor around your neck fixing to drown you in debt.Whether you put money down or not the property has to make sense and be a deal.

The problem is that my wife is the neck and she tells the head which way to go!

For example, if I personally did a repair that later causes an injury, the LLC may not prevent me from being held liable.

Then as soon as there was an injury put in an obviously needed safety measure to cover his own liability."

Additionally, the LLC will help contain liability exposure that may arise from the property inside of the LLC and away from you on a personal level.The key here is that LLC contains exposure, so any other holdings or assets within the LLC would be at risk of an injury arose on a property within the LLC.

It was also a much more affordable approach to getting educated as well.I also think you have to enjoy what you are doing and be excited about doing real estate deals and everything that goes along with it or it's probably going to be a pain in the neck for you if you're not.

The REO's in my neck of the woods are always handled by a few different brokers.

 :)HOA/PM can be a pain in the neck, esp. for run-down property.   

Just curious, is there much activity around the site from folks in this neck of the woods?

PROPERTY POLICY ($1,000 deductible)-Buliding: 150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.