Had I known I would have taken the DU value, it was sad but survivable.Called SCCU and now we are gun shy, I've gotten precisely one bad appraisal in my life (above) but I'm too afraid to ask for a new clown to be sent out, I'm just taking the DU value. 

My analogy wasn't trying to be precise, or something to be dissected from 100 different angles, it was trying to illustrate ONLY that one simple point: If you deal with it, it's not a big deal...

As an investor I would be looking for the Private Placement Memo, Risks, FWD Looking Statements, etc.

If you have a 1 million dollar umbrella that is usually a bigger target for a lawyer go after than personal assets of under 1 million dollars.There are other things to think about as well.You can't get a convention mortgage with Fannie or Freddie under an LLCYou will have to transfer it into the llc name after purchasevery unlikely but could trigger the due on sale clause in a conventional mortgage on a single familyMake sure to have the liability, fire and title policies done correctly so you are covered after this moveAlso to make sure that you don't break the LLC protection you need to be very precise with your bookkeeping, and keeping up with the llc documentation.LLC also could up your expenses and complexity  if you are doing separate ones for each propertyDon't let the LLC thing hold your back from purchasing your 1st rental property. 

If you are a strategic partner or one of our cash buyers, then we will accept your property to manage but charge 12% plus 50% of the first month's rent as a tenant placement fee.Gosh, We are expensive, but we have to turn away requests from new clients.

I would love to hear what goals people are setting for 2014.Personally, I am going to--hire an assistant to help with my wholesaling and tenant placement business-do a 1031 exchange with a property that a biz partner and I acquired this year through a wholesale deal-streamline more of my rental business so that it requires less of me!

In addition to continuing to purchase, rehab and rent properties and assisting other local investors in doing the same, I have been quite busy building my real estate brokerage business which includes property management and tenant placement.  

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

I've actually started doing tenant placement in Baltimore and have come to learn that Baltimore is a HUGE rental place.

If the prices rise they will make a fortune.Believe me the price people are having to pay for a year long option in DFW has already gone up.If there is a list of finalists ("going back to the well" for more incentives) then every place mentioned will be impacted.