Do you think that this city will be a "bubble" (That whatever progress I make building an investor group and learning brokerage and PM will not translate to a bigger city because of this cities unique RE characteristics)?

If you sell the property and something goes terribly wrong with an non-permitted job, you as a seller can be found liable which translates to Mucho Dinero ...

I mean, what's he doing besides translating, either for them or for you?

Her young son can translate, but I want to make sure she under stands what my intentions are.

(Design, structural check, alter design, final approval, etc.) 

I think online is great for learning, but I'm not sure how the networking and casual conversations translate. 

I see all sorts of problems with what you have in your head there.Generally on an REO they will require you to sign their standard sales contract without any changes or alterations.

You might want to readhttp://www.bizfilings.com/toolkit/sbg/run-a-business/assets/limited-liability-results-in-personal-exposure.aspxandhttp://www.rjmintz.com/misc/asset-protection-articles/piercing-the-llc-veil/to get you started.Courts are piercing LLCs with troubling regularity, most often using the 'alter ego' theory.

I can tell you about my experience with furnished rentals in Denver, but it's probably not something you can translate to the Jacksonville market as every market is different.

Probably not much reason to do that now given the casualty loss but I'll keep that advice in mind.Although a newly remodeled building up to current code has more value in my mind, I don't know if that translates to paper because both the bank and the appraiser said that the income approach will be used for the valuation, which means that being up-to-code won't manifest in the valuation unless it shows by our being able to demand more rent.