My goals used to be 100 properties, but when I got to 20, I started to realize it is not about quantity, it is about quality and income of assets. 

If it's not sufficient time for you to review, pass on it. 

House hacking just got a hell of a lot more fun, especially for those 3-4 family self-sufficiency tests!

If I already have a 1Million umbrella policy would that be sufficient or should the liability on the specific property be raised to 1Mil thank you 

For many years I assumed my LLC’s Operating Agreement was sufficient until I learned that a Creditor who obtains judgement can have a significant detrimental impact on the entity.

Unless you have someone you trust to manage a crew that is self sufficient your operation will crumble.

This is awesome, and I love that the property is 90% self-sufficient!

The usual operating agreement that you can download online are legally sufficient for an LLC but grossly inadequate for asset protection purpose.The cost of using an attorney is not for the basic issue of creating an LLC and register it with the state, it is to guide you to the proper type of LLC that you need and for drafting an operating agreement that will keep you out of trouble.Anderson Advisors is one of the few providers that are specialized in real estate asset protection and they have the advantage of having under the same roof real estate and tax lawyers who are working together to make a structure that is meeting both asset protection and tax optimization goals.

A non-recourse loan allows you to limit some of your downside while you're playing offense (shooting for above average returns.)On the other hand, if you have a net-worth that you're willing to put on the line for any particular deal or have sufficient fire-walls in place, then you can be more aggressive.At this point in the cycle, I would advise caution.

Quantity was not an option.