Look at a new born baby this morning, imagine it living to be 115 years old, add 25 years to it.

and I am the poster child for those.. losing hundreds of thousands and probably over a million in the asset class and first to acknowledge it.. was not fun and I could live to fight another day..

In the past year I graduated, began working as a petroleum engineer, moved to New Mexico, got married, and now my wife and I are expecting our first child in July.I have been fortunate enough to avoid the layoffs in the oil & gas industry thus far, and will be transferred to Oklahoma City soon.

If you can not put a young mother and her new born on the curb in the dead of winter you should not be in this business.

I have a 2-bedroom being rented by a single mother with only 1 child.

@Alina Trigub , to avoid that problem, some people can and do add a family member (relative, child, etc) and then they are no longer single member LLC.

Suppose a guest, or worse - a child, were to make their way out to that second floor balcony and fall through the railing that you knew was faulty and get seriously injured. 

I am sorry your mother died , your brother got arrested , someone stole your purse , your car broke down , you lost your job , you broke up with your girlfriend , you are behind on your child support . 

Then a month later we get the cancellation letter because an old 2x3ft LOCKED safe was in the fenced in back yard, it's a child safety hazard???

Costs at home may increase (e.g. child care expenses).