The bank I used when I first flipped a couple of house limited me to 2 for the first time to start building a track record.

That would at least limit your downside.

The biggest mistake you can make right now is paying cash for props if you want that cash back within 6 mos.Even after 6 mos you will be limited to the amount of cash you can get AND the LTV will be a lot lower than you are expecting often leaving 30-40% of your cash locked in that house.Always have a note and deed of trust on a prop when you purchase - not one of your companies but maybe a friend or colleague - so that when you are refinancing you are paying off debt.

Please people, DO NOT keep more than the FDIC limits in your bank accounts.

I'm planning on having properties in LLC groups owned by a corporation, my hope is that it will limit liability to each properties.The biggest thing i've learned in the past year and a half has been underfunding investments, our apartment complex has cost us greatly from unexpected repairs, thankfully this secured line of credit will allow us to have more than 10 times the expected ammount(s) to rehab each property per time.

I wouldn't know how to begin to measure for that one.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.

I have heard in some markets like Florida and the gulf coast, insurance makes it almost impossible to buy in huricane areas, however, in normal areas without conditions like that, market rents will limit price drops.

However, an LLC is penetrable if you make a personal guarantee, which you will most likely have to do since your LLC has limited assets and credit history if any.LLC's are more for when your tenant breaks a leg and wants to go after your assets.

Not 100% sure but I did hear somewhere that the limit is no longer 10, but lower.