I don't see any reason why you should keep a losing asset. ... maybe you like losing money :)

If that can be proven, instead of them being able to go after the assets that specific LLC owns, they can try to go after personal assets. 

I bet they are in it 50k on legal fees now its highly complicated Old railroad right away that was bought by the state and now its a state asset were they are making it a bike and walking path and the state it turns out cannot be sued for an easement of necessity.. its quite complicated really at the end of the day its a 500k chunk of dirt they either get me my right of way or cut me a check,Now that I am doing business in your fare state and in Charleston SC that has old old parcels and deeds that go back pre civil war..

I have assets of my own, but what I lack is capital to purchase that first property.

Things that a professional will need to consider before offering advice:Your other sources of income (personally and within your family/tax entity structure)Your tax goalsYour asset liability goalsYour retirement savings goalsYour tolerance/ability for recordkeeping and rules followingWho you're doing business with, how they are structured and what type of business you are doing with others (Partners? 

I also have rental homes and tried numerous different softwares to try and handle both and never found anything remotely adequate to do both.

It was based on true asset protection both from inside the entity and from outside the entity.

It's too small of a loan for the amount of overhead required to close the deal, especially to then stretch on the asset value.

I would then consider an umbrella policy on top of that if your assets justify it and maybe even if they don't.

I used to create Google calendar events for action items or a spreadsheet to track research, but I started getting buried by the sheer amount of the information.We use a task tracking software called JIRA at work so I decided to give it a try to track all the REI knowledge I was gaining.