I likely could have lowered my prices more, but this is a side hustle and I didn't see the need to increase my exposure risk, at least until more was known about COVID. 

It looks really bad for an elected district judge when people die of exposure in cars or on park benches in their district because they were evicted.

Then a similar JV agreement.Taxes: Your tax exposure is only on any gain.

I don't have much exposure to real estate but I will soon make it my priority to get my hands on any real estate related work so I can get my feet wet.In the meantime, these is my goals:1.

As Ellis San Jose mentioned, anyone who thinks the worst case scenario is that they'll receive 2/3 or liquidated proceeds is incorrect.In dealing with a pre-probate scenario, the decision must be made if you intend to buy the asset, buy heirs' or beneficiaries' interest, or merely focus on plays that make a profit.If you buy the interest(s) and probate the estate yourself, you become the PR and have the exposure to all known (and unknown) heirs and creditors as the fiduciary.

I am happy to delve into it further with you if you choose, but if you talk to someone else, just make sure they walk you through the variables with staying with a personal policy vs transferring to a commercial policy...etc@Sydney Hall to answer a few of your questions...1st you can have an umbrella even if you don't own a home--most of your personal liability comes from auto exposure--you are much more likely to have a hefty liability claim from a car accident than someone getting injured at your home.2nd based on the limited info provided, you should have a Business Owner's Policy as a business owner--property and liability coverage (especially if you have a physical office location).  

The exposure to ideas and intense use of thinking power seems to rewire the mind.

Not BP calc reserves, legit reserves.4) Remainder put in debt fund getting you high single %s yield.You'll make great cash flow & have excellent exposure to hard assets.

Exposure of these crooks is the only way that others will not be victims!

How many LLCs:  depend on wealth and asset type exposure.