He isn't going to want to waste time bidding on a project that you aren't going to do.  

The insurance will cover as well if not better than having a LLC so why waste the money on a LLC when you will still need the insurance.Stats show that only about 50% of investors on here have some form of a LLC and non have any personal case examples of ever actually needing to use the protection of a LLC.A LLC is one of those topics that keeps popping up as being necessary without actually having any actual proof to prove it's worth.Small time investors, without employees, are better served with insurance and can save the hassles and costs of having a LLC.This is only my opinion and I would encourage any investors that have a LLC and have actually benefited from having one to step up and tell us how the LLC was beneficial in protecting you personally from a lawsuit.

Save everything to submit as evidence in court, do not respond to anything he sends, do not bother wasting your time engaging the police.

I was wondering if other landlords experiment with incentive models to have the tenants don't waste as much water.

Pro Tip: Don't waste your money on Bowflex.

When I told him what I was planning he said not to waste my time on the property management company.

That education would be a waste of money and time if you are not going to use it.

The downside is that 1031 investments usually come loaded with fees compared to non-1031.

Asking: $700,000Rents: $4800 x 12 = $57,600Expenses: 50% of $57,600 = $28,800NOI: $57,600 - $28,800 = $28,800$28,800 / $700,000 = 4.1% cap rate$28,800 / .075 = $384,000 based on 7.5% cap rateAs you can see, you've already wasted enough time on this "deal."

I think this is one of those really old rules that realtors still want and think its a waste of time.Honestly, so many people bring them, yet there are still many properties that come back on the market because financing failed.I would rather see that they bring proof that they actually have the down payment money and good credit.