thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)

Quote from @Eric James: I guess that's why fast food chains are pulling AI out of their drive through due to the number of errors it makes: because AI is so powerful.

Quote from @James Wise: Quote from @Don Konipol: Quote from @Darrell Kirby: I had a buyer back out after closing because he did not like his finance companies process.

If you have no insurance, your LLC would have to pay for the legal defense. 

There are however two potential problems with relying on the general exemption for private placements; first, the SEC could come in at any time and decide that the sponsor is not in compliance (super remote possibility) and second the borrower in this case will have no statutory defense if sued by investors.  

Quote from @James Hamling: First @Tyler Brain gotta get your head wrapped around a few clarifications and corrections on this thing called REI. 

Quote from @James Hamling: Ok @Sarah DeMamiel I got 1 word for you: Nashville. 

Quote from @James Hamling: Quote from @John Clark: Quote from @Steve K.

Thank you James for sharing your experience.

@James HamlingThat's why we homeschool our six kids, and more and more people are opting out of the system.