Sometimes they recommend an "ERISA" full blown 401(k) for the added benefit of stronger bankruptcy protections.  

Another insurance agent has told me the policy is not right and will not protect us.

Our realtor says that this will protect us.

If you don't get that paperwork and respond properly, you could find yourself having to hire a lawyer to protect your rights.

The LLC protects your personal assets from that of your business. 

So I would essentially be buying a $75,000 note for $50,000 and be very protected if the land contract buyer defaults because the home is worth $120,000. 

@Mike Jacovelli while I'm sure that can be discouraging, it might also be a good thing...as long as what you are receiving in genuine concern...People tend to discourage you when they feel like it is protecting you, so maybe spin it around this way: 1) When they voice concerns about the information you're giving them, you can either dismiss it and change the subject (if they are being negative). 2) Do they have any specific concerns that you should actually consider as relevant?

Hello Everyone,I'm re-introducing myself after a year long hiatus.I'm looking forward to investing in this beautiful place we call the bay area & beyond.I don't have any investing experience, yet.But what I do have is 10 years of construction experience.I'm a Construction Superintendent for one of the big commercial players in the area.Started out as a Carpenter apprentice & worked my butt off to managing construction sites, from the field side.My main focus is TI's, think remodels of commercial office space.I will use REI to gain freedom of time, movement & energy.I'm looking forward to connecting with like minded individuals & learning a ton.Thanks,Torre 

The rent control regulation explicitly indicates that preserving the right to move family in is protected but only if the tenant received notice that the LL was preserving this right.  

There are two main aspects when dealing with a borrower and protecting your funds.