Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in 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.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in 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.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in 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.

You might consider an online service to draft that for you.

On any 1-4 unit investment property, its very uncommon for a lender to consider an income-approach for as-is value vs a sales comparable.

I would consider an agent with 25 deals a year proficient, more than 50 very strong and 100+ is an absolute outlier.

If the property in the Midwest clears $100 a month in cash flow would the same investor likely consider an acceptable cash flow need to be 2-3x more for the property in the northeast?

We would consider an intern and work with a lot of significant investors in the area.

Things I have heard over the years that are the first layer of diligence, and reasons someone may not consider an investment: first year return projections, waterfall structure, lack of track record of sponsor, only offering a Fund and not one off deals... to name a few.But to boil it down, I would agree with Jeffrey: credibility of sponsor

Consider an attorney :) How are you establishing the LLC after purchasing the property?