Except for whatever losses are on the GP K1, but even they require more discussion.

They also get 1st crack at the pocket deals.I would also say while I have seen very few exceptions, for the most part discounting just doesn't work long term. 

Relationships are key, but with little exception, loyalty is not rewarded in this industry.

With the exception of a few states, transferring your property from your name to an LLC will not hide your identity, given your name will still be identified on the public record as a member of the LLC. 

I would love to make legal exceptions for people who want to do better, but I can't for reasons already mentioned.

At the same time no matter how much excess insurance coverage you obtain, there will always be a policy exception for gross negligence and even negligence will likely be covered only under reservations of rights meaning the carrier can opt not to provide coverage. 

Funny enough, I ended up renting the property to 2 different parties this summer, both of which commented that it was exceptional value for the price point.

It is also my opinion that our city rental inspection department has been especially unfair with out of state investors lately, and is trying to blame everyone except themselves for our deteriorating old housing stock.

This exceptional program is a true gem, an investment that pays dividends—provided you diligently seek out those lucrative deals.

This is not much different than any investor who retires using real estate except that markets and life are not that linear.