I've primarily focused on finding cash flowing properties rather than ones I believe may appreciate, but when you live in a place with so much historical evidence supporting strong appreciation I guess it's something that should definitely be considered rather than dismissed as mere speculation. 

Is all the anger merely because they see this as their house and want to stay forever?

Again, I merely ask this b/c it is my first go at creating value from the raw land up....building it vs buying it.  

Having goals in life is what keeps us alive and does not allow us to merely exist.

Funny that @Aaron Mazzrillo made the same remark about Halbert that I was reminded of.Not unlike Denny's restaurants, no one intends to move to Boron but merely ends up there.Besides the Federal Prison, US Borax is a major employer with their massive boron open-pit mine. 

I think such rules are good in that they help protect the end buyers from purchasing a house with shoddy or sub-standard work ( I'm not implying that your work is such; I'm merely addressing the rule). 

My question is, is the best way for us to avoid risk to set up LLCs or merely get and umbrella policy to cover us?

I spoke with several attorneys and at this point I am trying to find someone that actively lends in the SFR market so that I can see a few deals from start to finish and someone that actively invests in 2nd/3rds to get a stronger idea behind their approach/analysis.Something that many of the posters pointed out that I will just quickly mention again is that there is a huge difference between lending to an owner-occupant vs. investor/rehabber/business.That point alone made me re-evaluate how I am trying to build the business and as a result am likely going to make a minor pivot to ensure everything runs smoothly.Debt/notes have always been very interesting to me so I am taking this more slowly then my other REI because I know there are a lot of rules that I need to become more familiar with.Let me know if I can be of any other help.

I am also a Canadian from Toronto and getting conventional financing is a mere wishful thinking in the US.

For clients who choose to manage multiple construction companies for each special trade, they are merely managing many contractors and not managing sub-contractors.