The whole purpose of a llc is to limit your liability where your personal assets are protected  in the event of a lawsuit. 

It seems that having closing occur at the US embassy may not be a viable option.My question is:  Is the requirement to have the closing done at the US embassy detected by state or federal regulation or it is some arbitrary decisions make up by the title company or closing attorney?

Until that occurs, the seller holds the title.

Its if you try to apply for another mortgage on another property so soon will it raise some flags probably.Realize that there are reasonable life events. 

Just because damage occurs when a tenant is living there, doesn't mean it is their fault.

The first year of ownership - whether a newborn animal or a rescue - is the most likely time for damage to occur.

The property has essentially been "grandfathered in" (hence the LEGAL, non-conforming), but if it ever needed to be rebuilt (in the event of a fire/total loss), it could only be rebuilt as a single-family. 

What are my options if I want my business income protected in the event of flood damage?

@Lee SyndergaardHi Lee,MNRei has monthly meet ups and other events related to Twin Cities real estate.

Nobody asks any more questions about my goddamned weekends after I bring up the Cutty.Never thought about it his way Jim, interesting to think about those potential implications and they do seem very plausible to occur.