The tenants in the 3 bedroom rental aren't in a protected class but I do not want to get in any kind of legal bind. 

Market Conditions Keep a close eye on the market, both locally and in terms of refinancing opportunities.

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.

The closing team will keep you up to date as you move toward closing and I will keep my eye on it as well.  

So I'm guessing it might depend on your state laws and personal situation. and make sure you know of any sticky items that would eliminate the protection you get from the LLC.

I have a rare opportunity to purchase a beautiful old historic inn that I've had my eye on for about 15 years that just came on the market.

And yes this is a 1 in 1000 situation but plenty of other disasters could happen and having the right insurance policy is huge to protecting down side risk. 

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

Turns out, those special rules for 1031 exchanges in Oregon.. things like navigating tenant protections and timing constraints.. aren’t exactly set up to make your life easier.

So really, no need for him to answer in his eyes.