If you mean aproaching sellers in foreclousre before the auction, this is perhaps best unless you live in a state like Maryland that has laws to protect homeowners in foreclosure.

Will the bank make some sort of public declaration if it decides to auction the property?

However I always get a title search before closing on the property even if its sub-2 deal just for added protection.

But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

You have to fill in the loop holes and protect your investment.

I'd like to move some rental properties that are currently held in my name into my LLC for liability protection.

I think Obama is a smart man, and clever, but very inexperienced, and that was a grevous error.Announcing publically that the USA will not defend an ally is a terrible political mistake.

The thing to keep an eye out for is public transportation to and from Manhattan.

However, you may have a large amount of personal assets and to add a layer of protection, your attorney may or may not reccommend an entity for liability purposes.If you are doing a lot of them, it certainly can not hurt, and the $ you would be making would more than cover the annual expenses of the entity.

Sorry, I wasn't trying to tell anyone not to protect yourself.