I purposefully, and uneducatedly, set the replacement cost of the policy at $75k while I knew the property was only worth about $50k...not sure if that is bad practice or not but I am the type that likes to make sure I am REALLY covered! 

How long does it usually take to set everything up?

Did the structure they helped set up hold up and protect you in an actual legal situation?

I have putting in an offer on a property and I am just asking for another set of tenured eyes.

I like going to a new market by setting up a lot of meetings with Realtors and viewing deals and looking at neighborhoods.

Also if enough investors in the area are interested I am considering possibly setting up a local Reia for investors in and around Monroe, MI.

You determine what to offer by setting goals and knowing your market.

He advertises the house to his buyers list and once he finds a buyer, set up the closing so that the profits gets split between both of you on the HUD statement.

Can I set up a self-directed IRA to loan money to an LLC in which I am the sole managing member?  

Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.So there you go, another new guy in HoustonMark