Should I start a new LLC for each new property in order to reduce liability over lawsuits?

If you can, and there's track record and credibility there, it wouldn't reduce my perception of value much.

FYI, one last note, I originally listed this property at 209,900 & reduced it down to 199,900.

It'll drastically reduce your living expenses and help you save up money for the next rental.

It will go a long way in reducing your risk.

It costs a couple more dollars an hour but it reduces the learning curve and turnover.  

Most newbies LOSE MONEY on their first flip, estimate high and you'll reduce your chances of that happening to you too!

But I could see how adding an additional fee could reduce the applicants and give the candidates who really want the property. 

The water made it under the floor and caused the subfloor to swell and buckle - ultimatley we had a several thousand dollar repair.

It is treated as a rollover in IRS lingo.Either way, make sure you have a very clear record of the cumulative contributions you have made to the Roth and any distributions you make reducing that contributed base.Ollie B.