@Brandon Vannier It's like fantasy football.

Too many of us take on more debt (school, home, auto, CC) and live in the fantasy world that in a few years it'll be all paid off.

As far as actually crunching the numbers, Pro Formas are mostly fantasy land projections. 

If you've done it well/done it right, the time commitment is probably 1/10 of the time commitment of a typical W2, but the idea that 99% of people are going to have a totally passive portfolio that runs itself while they drink Appletinis on the beach is pure fantasy.

The owner may want to see what price he can get, may be willing to sell only at a fantasy high price, or may be making believe he's selling to satisfy a spouse or business partner.  

and pixy dust fantasy world numbers their criminal brokers use to get a listing from them.

You guys are suggesting those aren't fantasy numbers then?

Rich Dad, Poor Dad is a popular book, but it is also fantasy, entertaining to read, but it doesn't teach reality or the basic knowledge needed to be successful in an industry.I'm always saying "learn real estate before trying to deal in real estate"!

Fantasies aside, I don't know that market as well, but one thing to think about west of the city is that if you're driving to work, you're driving directly into the sunrise every morning and into the sunset every evening - at least during certain months of the year. 

I will agree that  single member LLC's are much more vulnerable than multi-member LLC's but I assure you there is nothing "easy" about collecting from someone who has set up their affairs properly in advance and understands the world of civil litigation.Also thinking that insurance of any type is fine on it's own is just fantasy (and I'm also a licensed insurance broker).