AP is a form of insurance - litigation insurance.So, if you have enough to protect and reason to fear litigation (and it sounds like you have), then you might want to look into asset protection strategies (which includes establishing of LLC).

I did all cash for my first deal for some of the reasons mentioned above. 

Owner financing may be very appealing to them for several reasons.

The reason for me wanting to do REI is to be able to achieve financial freedom and do what I truly want with my life. 

We know what it takes for YOU WOMEN to make money, which for some reason is different from men to make money!

Tchaka Owen, true, and I see the value in that, but because of certain reasons I am sort of on my own when it comes to that.  

Or can i afford a "special assessment" for what ever reason the condo association needs one if i buy a condo.Good luck and take care.

However, this needs to be reasonable, like 2-3 people, not 20. 

I've been wanting to invest in real estate for soooo many years and just never took that leap for whatever reason (excuses), but recently decided that if I dont do something, nothing will change. :)  So, here I am reaching out and to starting to networking. 

These include loan payments (if you had them), taxes, insurance, HOA fees, utilities, etc .. that occur during the Rehab period and up until the property is fully rented.I understand your reasoning for the 60% LTV to gain better cash flow.