Thank you very much @Han Oh

I purchased the property under my name, but just listened to Amanda Han's tax benefits podcast and realized that I should have purchased this under an LLC to help mitigate the taxes that I pay on the potential profit.  

Thanks Mike and Amanda for your responses.However my 2nd question is still open: If someone get's sued for a property (not under LLC), with a HELOC,  that technically means the property is owned by bank.

@Amanda Hoening, once you implement the call ahead strategy it may be at a 1% rate where people don't show now (who call) vs a 40-60%.

Connect with @Amanda Han, she is here locally and a great persona to help with your accounting needs.

@Amanda Cadena Build buyers list first.You don't go into a grocery store without a list.

Thank you Amanda!

I hope that helps you...God Bless, and happy Investing :)-Amanda 

Everyone should A) get professional advice from your respective CPA and B) get the new book by Amanda Han & Matthew MacFarland - https://get.biggerpockets.com/taxbook/. 

@Amanda Dallman in other markets that i currently have property in, im getting about 15%, something in line with that at least