Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in a an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

I might consider an investment loan if the numbers still make sense.

Perhaps when my net worth approaches 8-figures, I'll consider an LLC or two or five.

@Ryan Thomas Based on your “quandary”, which I can relate to, I’d consider an interest-only HELOC.

If you have a significant number of assets to protect from the start, then you may want to consider an LLC.

If the pickings don't seem great, should we suck it up or consider an alternate course of action?

. however, now my family and I live in Coral Springs fl, which is consider an upper middle class neighborhood. Anytime I go back to those neighborhoods and see those that are still left that I can consider friends there’s always this look, or a sarcastic comment or something.Anyway, the point!

From everything that I've absorbed from the Portland Market, I don't know why someone would consider an FHA if those are the circumstances (I wouldn't). 5% is fine within my budget, if that's the low end of normal.

I’m considering a capital improvement on my five unit building which would primarily yield on the expense side Specifically I am considering converting my oil steam boiler and hot water heater for the entire house to individually metered Hi efficiency gas and on-demand water heater’sThis would mean that each unit would be responsible for its own heat and I would save on oil as Well as potentially the water bill with individual meters for each unitWhat do you consider an acceptable return on investment for such an improvement?

After the IRS discovers the noncompliance and contacts you, you generally have fewer options and less chance of penalty abatement.Your best bet is to work with a professional to handle the noncompliance and prior filings, then to keep you compliant on a forward looking basis.If what you owe is substantial in relation to your income and assets, you and your professional should consider an Offer in Compromise.