Best of luck Cameron!

@Cameron WallaceWelcome to BP.

By default, all Counties not listed as either in Zone II or III are in HUD Zone I.The following list identifies Counties by State for the various wind zones used in FEMA 85.Counties that are not listed or that are within the 90-mph isotach are in Zone 1.Zone 4 (150 mph)Florida: Broward, Martin, Miami-Dade, Monroe, Palm BeachLouisiana: Parishes of Cameron, Lafourche, Plaquemines, St.

A thorough response as always.I have my own take, and as any attorney will say, this is not legal advice...For the asset protection purposes you need both (1) insurance and (2) properly structured company for litigation protection, an LLC/LP/etc.Insurance protects your from nuisance that occur on the property; i.e. slip and fallThe company structure protects your assets from litigation liability; i.e. gross negligence (health and safety, alleged known hazards, fraud in the sale of the property) as well as someone getting to your assets by suing you personally (e.x. you got into a car wreck that exceeded the coverage of your policy, now they can go after your assets)The due on sale clause is often a concern, but me and my colleagues view it as a very low risk for a number of reasons.

The seller might be able to bond around the allegedly paid debt, at cost and risk to them.

What would you do in order to suggest the listing price of $500K and to see the paper trail of the alleged $3600 in rental income?

The accepted standard for determining current market price is to survey the market area with considerations for quantity and quality for a "going price" of the goods and services in question.In a widely cited case, the FTC went after a Baltimore roofing contractor in the early 1970s successfully alleging the contractor was overcharging consumers to reroof their homes.

Hello @Drew Cameron it's great to hear you have a plan to get started investing in real estate.

@John Cameron  would like to follow along with you... if you can post your name or web link that would be great or send me a PM if you can.

Cameron