Having an LLC will also protect personal assets from financial liabilities (e.g., business losses and foreclosure), as well as, accidents?

Are financial institutions starting to make use of the DOS clause more today than they used to or is this still a rare scenario? 

@Bobby Nilsen First of all Congratulations on your success and kudos that you were able to leverage knowledge and networking to your financial success and cashflow.

Suddenly I had enough money to pay my bills, with a cushion to spare, and—at the urging of my sister, who had been interested in real estate for a while—I came up with the audacious plan to buy my condo from my dad.I had been a homemaker for many years before becoming a professional author, and had relied on my husband to take care of all financial aspects of our marriage.

Can provide more numbers and financial background on myself.

@Cathey Bayless You don't have to wait to get your offer accepted to get financials.

Insurance is state specific, and best way to check is if they are licensed and have agents.They are headquartered in PA, and here is the report from the PA Insurance dept.Company ReportLooks like a small relatively new company barely meeting financial requirements.

I'm currently looking into the pros of an LLC because I'm going into Real Estate with two other people financially.

before you cash out anything check out the govt. programs in your area that offer grants or financial assistance to buy real estate .

Can provide more numbers and financial background on myself.