And in these circumstances, locking a 9% returning asset for 30 years doesn't seem a bad deal at all when I compare it with other potential investment opportunitiesAlso, tying up money is relative here.

Compare that to a potential $4k/year cf, it would take almost 5 years to get the same money you would if you sold (assuming 15% fees/commissions/closing).If you reinvested the profit from the sale, you should be able to still get the same or better cf in a different property.

Then present it to an attorney for them to review.Then go to Allstate, GEICO, Chubb, or any other major carrier and compare the insurance rider jackets. 

In addition I paid my parents a contractor management fee which I do include in the costs.Now I know for tax purposes they will not include my personal travel (I already deducted that as on my sched C), I know none of the CC interest or fee's would be deductible anywhere, but regardless I plan to include them on the gross. 

I wrote the above for informational purposes.

At that time the rate and terms were better individually than through the LLC for a construction project, so I did the loan in my personal name and transferred it to the LLC for liability purposes.  

Yeah the nearest comparable town is roughly 1 1/2 hours away.

Compared to A 90-100,000 loan to fund the down payment and the rehab.

and for resale purposes, you'll want to get a lifetime warranty for the repairs. 

Hi Carra, Welcome to the Investing World :) I would suggest some local meet ups those would be great to help get you started and great for networking purposes.