., it is not your career), the federal government places a limitation on how much of your passive loss from an investment on something such as real estate can be deducted against your ordinary income.

If you had nothing to do with it then the punishment (if any) will likely be limited to the PM.

Then it is pretty cheap to add an umbrella policy which will provide you with a ton of liability protection.

Professional liability, general liability, anything else? 

Hi,Was offered an opportunity to invest as a Limited Partner in a syndication and I'm looking for a SEC attorney in NJ who could advise me on the PPM offered.If anyone has used someone in the past and can recommend, it would be greatly appreciated.Sincerely,Manuel 

Sell your house it’s a liability not an asset.

When do we transfer the title to the LLC so that we protect the liability of our assets?

It seems limiting to have the same property serve both purposes.

There are some basic questions missing. 1) Is the land within the City limits?

You've traded 'asset protection' for limited financing options.If you don't care about getting spam e-mail the rest of your life, try lending tree or quicken/rocket mortgage maybe just to see.