I do this pretty regularly in other markets. 

And where I am isn't half bad-- I don't work 9-5, I work whenever I want, I don't deal with a single headache on any of my properties (only occasionally with my PM), I was able to get extremely creative on financing, I walked out of my corporate America job, and now I live on the beach and sleep in whenever I want.

I, personally, don't know why they don't just make flood and other disasters simply a required part of all regular homeowners insurance for any insurance company wanting to do business in the US.  

It's just a regular lease agreement with the seller.

Expenses come up, and you need to be able to not only pay them, but to pay them and sleep at night.Related to the above comment, this would also put your primary residence at risk if something goes wrong with the rental.  

I know a lot of people knock GoDaddy because they're a big corporation, but I'm on the phone with registrars/hosting companies regularly (I work in digital marketing/web dev) and they have some the most competent support staff. 

But they were regular purchases and it took about 60 days to close.

Those deals you want the lowest monthly payment and do not care about principal pay down as in one to two years you are refinancing at a higher value into a regular loan.No legal advice given.

I am just down the road from you in Portland but travel up I5 to Tacoma/Seattle regularly.

Use it regularly and pay it off every month.If your current rental properties are lien free, then get them moved over to the LLC ASAP!