If you set up and operate your LLC properly, you cannot be personally sued by a tenant, and you cannot lose any personal assets.  

If it looks ok, maybe even loses a little money that isn't bad.

I don't think having an adjacent building will add value but your management costs will go way down and you certainly won't lose value based on the proximity.I am a LL in Wa things are just as nutty here.

The benefit now may seem nice of getting that money, what could you do in the next 6 months to year that will increase your income for a life time and have higher returns, and the ability to grow massively instead of singlehandedly focused on something that would lose you money now and later down the road. 

so dont chase a deal just to win it and end up losing any profit, don't waste time or energy dwelling on deals you missed.

If you do not know what NOL (Net Operating Loss) is, this alert is not for you probably. :)If you carried your 2018 NOL to 2019 or carried your 2019 NOL to 2020 - you only have UNTIL OCTOBER 15th, 2021 to reaffirm thi...

You have $120k in total Property Value, and the same in equity...which means you're losing money. 

So, if the current CF is based on properties worth $550k, that means by selling, and expanding your portfolio, the new CF should be at least 10 times what it is now.You're losing money...big time. 

In most cases he who gives up the first number loses.

It takes most people 3 years to get their first deal (unless they settle for a bad one and lose money).2.