I also want to get more familiar with possibly structuring an LLC properly for both protection and from lawsuits and possibly from excessive tax.

Perhaps there is someone willing to take a second position for the excess.

@Michele Fischer @Brie SchmidtHave you had a case were they owe you money due to excessive damages? 

These areas are prone to excess moisture.

I agree that it seems excessive. 

I would imagine that in the end, there are often times small sections of land that they can't use and that a typical home builder wouldn't want... what is the name/ term for this excess land? 

The problem is... we're in mASSachusetts.I served the problem tenant with a 30-day notice to quit for:- failing to pay a portion of her rent- having a large, loud dog in the unit illegally- noise and disturbance to other tenants- excessive wear and tear (explained below)Prior to this notice multiple issues transpired throughout the year:- She kept complaining about things breaking in her unit like clockwork every 2 weeks or so (at first I thought it was due to deferred repairs by previous landlord)- After I increased the rent (and her portion went up slightly), she called about an "emergency" (broken toilet), I immediately asked for a photo to figure out whom to send, the problem was that "someone" in her unit ripped off the lid.

Don't be bullied buy (in Allen Greenspan's words) excessive exuberance so often found on BP.

I don't have much cash in excess of the down payment and prefer not doing 203 because I feel like I might have better options.

I haven't found just a "standard" 20 or 30 year amortized fixed rate loan option, except for ones that are in excess of 9.5% interest rate, which shoots most deals apart in terms of monthly cashflow.I am wondering for those of you out there dealing in commercial / portfolio financing, how do you evaluate a property for purchase with monthly metrics, when there is an ARM?