But as was mentioned above, you need expertise and experience.For the first 2-3 years of activity investing in real estate, I had to use my own money sources for down payments.

Even with active investments, diversification is better.  

Networking with local real estate investor groups can also help identify lenders active in your area.

I did all of the activities he suggested for me.

Breach of contract makes you liable for damages, but isn't a criminal act. 

I am actively looking to remodel or build a 8 to 10 RAL in the Houston area.

You can't run a credit/criminal without the social.

I don't think any insurance carriers will give you a new policy these days if there is active K&T. 

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.