Property Features Single Family Property Status: Active Year Built: 1930 2 total bedroom(s) 1 total bath(s) 1 total full bath(s) Approximately 572 sq. ft.

Joe,I am sure you already read it, but the answer to your question in this thread was made in this thread (for those who would like to read it)http://www.biggerpockets.com/forums/48/topics/31818-llc-s-vs-umbrella-policyAlso, as Greg stated, the LLC is an "inside liability protection" meaning that you personally are protected from the entity, but the entity is not protected from you.In other words, if you were to drive drunk and kill someone, they (their family) could sue both you and all your holdings, including your assets held inside your entities, but if your tenant falls and sues, they can only sue the entity (unless you were found to be negligent)

Then, I terminated her from my buyer 's agent.A week later, I talked to a new agent.

s Lower Mainland have joined the flood of callers to a U.S. consumer group investigating Chinese drywall that has allegedly begun to sicken North Americans.Thomas Martin, president of America's Watchdog, says that in the past two weeks about a dozen Lower Mainland callers have all reported experiencing the same nose bleeds, breathing problems and allergy-type symptoms that have affectedhomeowners across the U.S.Continued exposure could result in severe health problems, the group says."

_r=1http://news.yahoo.com/s/afp/20090322/bs_afp/useconomyfinancebankingcompanypay_20090322035424

That's all the agent sees, so they could care less what you do with them.How will the agent(s) get paid?

The units I do go after in which I keep s rentals are newer and in nicer areas but cost 2-5 times more than yours do so my acquisition costs and debt leverage amounts are much higher than yours.Fortunately, I have other sources and means of income besides rentals so I do not rely 100% on rental incoem to survive.Between commercial, flipping residnetial, land development, spec building, short pays, sub2's, etc, I have other income streams.Again, the course of action is up to each individual.

Speaking about out-of-control spending, the debate is beginning on Obama's proposed budget.Here was an interesting comment: House Minority Whip Eric Cantor charged that Obama's budget is "so far out of the mainstream" that even members of Obama's own party are reluctant to support it.Story: http://news.yahoo.com/s/ap/20090325/ap_on_go_co/congress_budget :cool:

We are in a great starter area, small 2 bed 1 bath homes with a few 3/2's sprinkled in.

The trick is to quickly tell them that you may have a property available for "X" $'s in the same area.