@Eric, I am not sure of the insurance implications, but don't delay setting up your LLC for fiscal concern.

The North American Securities Administrators Association (NASAA) recently issued an advisory to spotlight concerns for small businesses and entrepreneurs seeking to raise investment capital through crowdfunding.

Kama Ward,I'm not sure about North Carolina, but when I was in Florida, I went to a Seminar concerning purchasing a home, from HUD.According to the "HUD" specialist, if the closing is extended due to HUD, request that the "additional" money ($25 per day) be returned at the closing.

Anyone making a loan whether bank, private or hard money lender - they will all be concerned about one point - can you repay the loan.

While a closing agent is not required to tell you everything they know, they do need to answer questions that concern you, so just ask...In this case however, the seller was your mentor, so you had knowledge of how the guy operated, at least the types of transactions he used and seems to me that in itself should have been fair warning in dealing with him in the first place.

While this isn't technically your issue (the seller pays the commission), if it's an owner finance deal, the agent may be concerned that there won't be enough cash available to get paid, and that could be hindering his/her earnest attempt to get your offer accepted.Btw, if the listing agent refuses show you the property, get your own buyer's agent.

The house is set back from the road by about 50ft, speed limit of the road is 25 so I was concerned about noise a bit. 4BR, 1.5BAWalk out basementI'm looking at renting long term but living in it short term and subletting a room.

The inspections are no concern, atleast we haven't had a problem with them.

I prefer single family/apartment since I'm beginner with little knowledge about REI.

I am concerned because in case I want to sell the house at some point, I'd like to reduce my capital gains taxes as much as possible.