Unfortunately, some Board members are creating friction and preventing the process from starting. 

I have yet to have a BP poster explain to me why a Wyoming LLC as opposed to an LLC in the state where the property is located will prevent a plaintiffs attorney from filing a claim against the whomever is listed on title when a premises liability issue arises amongst other common real estate investor/landlord claims. 

One year also helps you maintain a schedule for inspections, rent increases, preventative maintenance, etc.If your lease doesn't have an early termination penalty, then the only thing you can do is start marketing and find a replacement tenant.

For example in my area there are specific municipalities that have passed ordinances that prevent you from denying an applicant because they have a housing voucher (section 8).

Early in my investing career, I made the mistake of investing through one of these people and I came to realize they have no real role in the operating GP and are a just useless layer preventing the LPs from getting answers from the GP when a deal is underperforming or losing money. 

If you want to get around this simply require ALL credit reports be given to you for the purpose of supervision of your agent to prevent discrimination against protected classes under the Fair Housing Act.I would not pay any lawyer a dime if they could not prove this appropriate business purpose.Does the person that wrote the following sentence practice out of form book?"

I got a quote from our insurance agent and Foremost Insurance will allow the policy owner to be the policy owner but the rates are double what we are currently paying.The question is this - to prevent the "piercing of the veil" of the LLC, does the insurance also have to be out of my personal name and in the LLC's?

This can help prevent potential legal complications.Professional Advice: It's always wise to consult with a real estate lawyer, tax advisor, or accountant specializing in real estate.

If the numbers make sense and won't prevent you from buying your own home in a few years, then go for it.  

A while ago, there was an agent who prevented me from buying a crappy deal.