I'm not a nervous Nelly (ask me about the time we got a short in a wall at home which resulted in our propane tank being electrified for 4 months) - but it sounds to me that call to the utility company needed to be made.Unfortunately, this is one to just write off and move on.

What I know is that she ran the propane tank empty and did not get it refilled until Saturday (I do not know what day it ran out).

I am looking at the various options for develping passive income(s) that will allow me to transition from my current field when the time is right.I've been networking a bit locally and have exposed myself to this investment segment enough to where I feel I can have an intelligent conversation on the various opportunities that are out there.

Even if you put them in LLCs, even if LLCs offered the rock solid protection the gurus claim, you would still be exposed if you manage them in any meaningful way.

However, it will rent for $1,500/month and taxes are dirt cheap.It is also entirely renovated and has many appealing features for higher end clientele in the area (exposed wood beams, gourmet kitchen, hardwood floors throughout).

Sounds like you have the perfect place to be working to learn the business from the ground up, and be exposed to the entire process, that will be invaluable.

If it is & you personally hold title etc then it could definitely leave you exposed if they pursue legal action.

Unfortunately these low priced lots required septic systems & buried propane tanks.

If it's ok to plug someone's book on this forum, read Danny Johnson's "Flipping Houses Exposed".

Some good free books on Amazon are "Real-Estate made easy" by Brian Haskins "The Ultimate Real Estate Investing Blueprint" by Sean Terry "No Bs Real-Estate Investing" By Preston Ely and "Flipping Houses Exposed: 34 Weeks In The Life Of A Successful House Flipper" by Danny Johnson.