As mere spectators to your deal, we don't know.You're closing costs seem a bit low as well and finally, I would never trust a Realtor's economic opinion, because that is all you are getting an opinion which is as valuable as an onion with pi in it, as to what the market will do in the next week, never mind over a 6-12 month period.

He's merely registered, and clearly hasn't been in the business that long, so he's lacking in the arena of experience making up for education.Run.

Many reported decisions on this topic are people who WANTED to be characterized as selling properties in the ordinary course of business, rather than mere investors. 

Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

When we moved out we left her an e-mail informing her that the air conditioning units were in her storage shed and she responded that it was okay.Now two and a half months after moving out she is threatening to sue us unless we clean up the yard and return her "new" air conditioning unit that was old when we moved in two and a half years prior to its disappearance.Should I be worried at all or is she merely trying to get freebies out of me since she's about to put the trailer on the market?

An LLC in California can be quite a burden.1) at $800 per year, it bites away at a good part of your cashflow if you're looking at a single fam or similar; and that $800 fee is assessed yearly2) no bank will lend to an LLC; LLCs need credit, so if you really want this route, you can buy a "shelved LLC" with existing credit history.3) there's a fanciful belief that LLCs protect their owners; they merely protect the assets that belong to the LLC; you're still going to be liable if someone gets hurt on your property, and it's going to come down to how good of a lawyer you have4) if you buy a property and transfer it to your LLC, that can trigger the due-on-sale clause (though I understand this is rare for a bank to call you on it)Now as Lynn M. and Kurt K. have mentioned, there's a great alternative, the umbrella policy.

This is unfortunate for the new investor, of course.Your challenge is to study real estate away from the agents sufficiently so tgat your questions sound like someone who know what they want and how to get it and is merely asking about specific properties as whether they might meet your investment objectives.It's not the agents job to teach you real estate.

Say your house sells for $200k....you owe $100k on your mortgage and $20k on your HELOC....you would merely get back $80k in the sale instead of $100k.

For current residents, the change from 10-15% growth to a mere 2-5% growth will feel like homes are losing value or our market is weak, but this is still a strong market and will likely continue at balanced pace as soon as we get to a balance in affordability.

I was right there last year at this time with a dream: Vision without action is merely a dream.