There's less personal exposure.

Columbus Ohio is likely to suffer from its higher than average exposure to retail in the current economic conditions.

So, I reduce that exposure to the three months where I can issue a Notice of Non-Renewal and find a better tenant it so necessary.Three months is long enough to see how well the new tenant plays with the existing other (it's a 6-plex) and to show there fidelity to paying on time.

IE loans of the short term nature.. you can many times invest as little as 5k.. and that would get you in the game with low exposure.. just do your home work make sure you like the asset and the company ...

The important thing is understanding your exposure and match it with the "best practices."

@Ilona KovacsI would have to assume the risk exposure on vacant land to be less than the risk in a personal residence.

Of course, the nature of the liability exposure will depend on your specific profile.Assets can be transferred, retitled, between IRAs and IRA-LLCs.

.- Listen to Podcast interviews (BP, other) on MF- Read and participate in BP Apt forums- Attend Conferences - any MF Apt conference or syndication to get exposure / network2) Networking- Attend local MF meetup groups and get to know the players that are doing what you want to be doing.  

If your contracts are structured correctly there is no liability or specific performance exposure other than your earnest money, and even that should be fully refundable if you have an option period.

if your answer is no, you should have no problem getting a landlord fire policy through your current homeowners insurance carrier and then your existing liability coverage will extend and you can add an umbrella for extra coverage on all the properties' exposures.