Unfortunately, by that time it is too late.By just reading your post quickly, I instantly got the feeling that the agent is just inexperienced with LLC's and went with something he/she was comfortable with even though it may not be correct.An issue could arise based on how you set up the LLC as well, whether it is a single member or multiple member, and whether it is member-managed or manager-managed.

I know the best way to do it is to jump straight in, and there will always be surprises, but I want to be prepared for any that may arise.

If the property doesn't pay off that inflated note amount, you may have an additional obligation or, if the debt is forgiven, Uncle Sam will have his hand out for tax liabilities, you won't escape that issue arising from a seller financed transaction.So, saying I'll give whatever price for the income from a property so long as it initially cash flows can be a big mistake.Now, so much for the down side and why you shouldn't go elephant hunting with limited cash.

Another way to address the issue is to include financial damages arising out of the lease as a damage to be covered by the damage deposit, such needs to be customary and allowed by law.

Allure seems to be a popular choice for rentals here on BP, however reviews are mixed across the internet.

Houston I think is the most popular in general for a lot of reasons.

They are not facilitating a transaction but just giving information that is generally in the public domain.Birddoging, is different where someone presents a property with a price or value, may estimate repairs, provides details as to condition and does so for compensation arising out of a transaction, that is what Realtors do. :)

There really are a lot of issues that can and do arise while working in this profession.

Here's an example.Susan Lassiter Lyons has a hugely popular site called "the Investor Insights" where she talks about RE Investing.

You're right, it's funny how the polished brass used to be so popular.