See below.http://www.eenews.net/stories/1059974778"So what does the future hold for a program that carries $1.2 trillion in exposure to loss but raises only about $3.5 billion annually from policyholders"I have flood policies for houses in our area that are $20,000+ a year! 

With that said, it does have it's value. 1)Mom and pop who do not have national exposure can list on loopnet and get exposure. 2)At the right price many of the properties could be a good deal 3)The properties are a good place to practice your analyses and learn how to uw MF properties. 4)It is a good place to find the brokers that are listing MF in a market that you are interested in.

Do what you can to mitigate tenant exposure to mold and moisture in your properties.

I've had issues when only putting my rentals on Craigslist or other free sites with poor exposure.

Learn and get some real world exposure, it will be very beneficial for you.

The sellers home is losing market exposure and the seller thinks it's sold but the hard core reality is the buyer has no intention of buying the property.  

You'll have some of the greatest exposure with little to none of the benefit.

If you do not land a buyer in the first seven days when 80% of market exposure happens you need to really look at dropping the price right away until you solicit an offer.

Bryan, Many investors consider the time they are invested as exposure to risk.

@Sean S.I would think someone trying to DIY an LLC operating agreement would be analogous to someone trying to perform surgery on themselves to save money.There's too much you're not considering if you're using a template online, probably 704(b) and substantial economic effect as well as state partnership law and writing your capital partner in as the functional equivalent of an LP so he has no exposure to SE taxes.Having an attorney draft the agreement is money well spent.