He also brought up a very good point about the risk of undermining legal protection of your LLC.

This will protect you from any claims by the bank later.All the best.

You are planning for failure, start planning for success instead.I'm not looking to disagree with either of you, but I will say that a lot of people come on these forums asking questions about LLC's to protect them from outside interests.

His company wanted around $1,950 to set up a Wyoming LLC with our NC LLC parked inside of it for extra protection.

@Rich Rodman any option for switching the tenants I.e. moving the downstairs up and vice versa?

Protects the pocketbooks of families who have lost their homes due to an inability to pay their property taxes.

This is what I see from right to left:6 cop cars lining the street so no one can enter or leave.12 cops on the sidewalk looking confused.3 contractors on the stoop of the property protecting it.2 angry guys with a truck next to the property.The problem started with the angry guys so I walk up and put on my late night dj voice and talk slow, “ Hi my name is Jared, I believe I purchased this property on Monday from the seller.

I'd suggest making sure you have high quality photos to post or switch it up with a video to catch tenants' attention.

Because of my age, I may not legally sign a purchase and sales agreement (required to wholesale), I am about to go to college which I am completely undecided in and about to completely switch markets.

Do you just put in a offer sight unseen with a contingency in place to protect yourselves?