It’s called the tax assessor’s office in my state and it’ll be whatever the equivalent is in yours.)Alternatively, there are online/private companies like Property Radar and Property Shark where you can get property owner contact information.

If you evaluate the weighted cost of capital as 3% for your principal since that's what you'd be forgoing, then the equivalent interest rate on your $90k is nearly 7.5%.((650K*3%)+(90K*7.5%))/(740K)=3.5%To say it another way, you'd be better of borrowing that $90K with any other loan option charging interest up to 7.5%.

The question is – is there a type of insurance that covers/mitigates this in an equivalent way as an LLC does?

  $200 cash flow today will be the equivalent of $200 cash flow 50 years from now. 

We priced the property equivalent to the amount a down payment would require on a house in CA. 

@Daniel Ortiz  Daniel,  the equivalents of the communities that Charlie listed in your (our) area are  Lowell, Lawrence, Methuen, Haverhill... and in my opinion, portions of Dracut, Billerica, and Pelham, NH.PS-- @Charlie MacPherson, nice analysis.    

Get used to not sweating the small stuff (paying $99 for a lock change or something equivalent). 4.)

So how does one go about drawing up a note and deed of trust, or the equivalent documents for another state?

You can probably purchase the equivalent in LV for around $300k in Summerline, and it would be even nicer than OC.For investment, you compare all the numbers, and look at your ROI.

Robert, if you like someone's comment on the forum you can simply click on the green double arrow to vote (equivalent to "like" on Facebook).