In @Scott Trench's latest post on a potential crash, "Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway.

I’m new to this at thought LLC is good for tax purposes.I’ve done a lot of home improvement and been writing checks with the LLC  account.I was just told that I should not have the rental payable to LLC since it’s my primary residence.Could some one give a quick crash course on top Do’s and Don’ts with LLC?

Not saying there is going to be a crash.

You are going to encounter alot of unpleasant things happen in a market like New Orleans.Its a good question but you’ve got a long way to go.

The last thing you want is to over-extend and then watch it all come crashing down when the market turns or a disaster hits.

I don't think we will see a crash but a leveling off and perhaps modest dip in prices.

I owned a bar during the crash of 08.

Lessons from the 2007 Housing Crash, Just in Time for the Next One!

Sure we would all like to time things perfectly when the cycle dips/there’s a crash, but if you are planning to hold long term it’s very different than flippers who have houses when the market crashes and “are playing musical chairs and don’t have a chair”.

My experience has been that even if there is a shift in housing, even if it is as bad as the 2008 crash, that while house values may drop (and will eventually come back), people will still need to rent and as long as you are in a good market, and your properties are managed by a good team, you should continue to make cash flow.