Purchase price: $295,000 Cash invested: $22,000 Before moving into this house we had to add piers under the hours as the previous were not grounded with cement.

I would be doing this to gain the anonymity of the Wyoming LLC, limiting my liability regarding the property to the LLC and also gaining the creditor protections of Wyoming law, since it only provides for a charging order that does not permit a creditor to force sale, direct distributions or acquire an LLC interest, even for a single member WY LLC.

Would something like this have to be bought in cash or can it be financed?

With the additional cash coming in maybe the next journey for you is figuring out how to diversify in another asset?

While it only returns 5.23% currently, it provides a great cushion allowing sufficient time to wait out a crash without having to resort to selling properties at inopportune times - at fire sale prices.5- I keep a large part of my portfolio in high yielding notes secured by real property - and while I want every loan to make payments as agreed, my experience indicates that a certain percentage will default with me owning the property during periods of economic contraction.

I don't think we are going to see a ton of appreciation on the properties we buy there, but for us, the cash flow makes up for it.

So you're left with acquiring properties all-cash. 

In adddition to requireing my tenants to have a renters' policy, I have umbrella insurance that provides additional liability protection (above and beyond what your homeowners provides for your rental).

As someone who operates in the Pocono area, both as an investor and leading a team of agents, we can provide some insights.

We are looking to rehab a place and then do a cash out refinance.Thank you.