If you understood what a maximum over-funded policy is, you wouldn't make a statement like "making the insurance company rich".

I've not heard, prior to this, that you can't put an option on a home with loans or liens, so I wanted to make sure I understood that aspect.   

My comments earlier were  to help your message be read and understood.  

I also met a Realtor that called me for her clients and she understood what I was doing and looking for.

Also, if I understood you correctly you pay cash for all your purchases, or at least at the beginning.  

Not arguing...just wanted to make sure you guys understood each other...  :-) 

No state that I know of has anything to say against it.Joe Villeneuve If I understood you correctly Joe, you close under new LLC and then you sell the interest of the LLC to another party, correct?

Understood, and my statement stands ... those who do not have hands on experience in REI and don't want to treat real estate as a business will be better served by buying an index fund or an REIT if they want to stay with real estate as an asset class to remain diversified and at least assure themselves an average return.

I never understood why people worry about stuff so much that will happen long after they are dead.

@David Coatney understood!