I know this all seems excessive at the moment where I only have 1 building with 2 units, but it seems smart to plan ahead rather than scramble to set up a proper business structure in the future, while possibly handling a several tenants, renovations, etc.Also, in the time since I originally posted this thread, I've been solicited by at least 4 people regarding renovating their old/historic multi-families in the area.  

Then, they see you're stepping down.Might offer some corporate info to support the expected salary/earnings to continue.Tell them you don't want to live with room mates to pay housing expenses and that your standard of living is improving, that you don't need the excess room.Moving down, by someone who is expected at their age and position who should be advancing economically, indicates that a borrower has expectations of changing jobs, taking time off, maybe going to school, or expects some other incident/situation and they are moving into a survival mode.Moving down is common for those ready to retire, empty nesters, divorced or having family changes. :)

That money is earning much more than that in the properties I bought and excess cash is better suited to reinvestment or other higher interest debt.I have a HELOC with Nexity, now AloStar, bank that they froze, but I had it maxed at 3.25%.

There is a time and cost involved with all of that and the land is definitely less valuable as raw, undivided excess land as it can only be sold as the one single lot.

If the beta is in excess of one, the share is exaggerating the market's movements; less than one means the share is more stable.

I don't foresee excessive properties at this stage at all; so 2 questions I have:1) Is it better to set up in Texas rather than out of state to minimise taxes and also ease of paperwork/etc. 2) Can I form an LLC myself, using the state website?

You could also look at the potential of doing a cash out refi, to redeploy the excess capital (make sure the unit would still be cash flow property).  

On the form 5329 that you use to calculate your excess penalty (noted as additional taxes owed on 401k/IRA/Pension plans), it walks you through the calculation for determining the amount of that 10% penalty.NOW, that total additional tax amount is entered on Line 58 of your 1040, and Line 61 will give you your total taxes owed, accounting for all parts of tax liabilities on your form.

And get an umbrella and/or commercial excess liability possibility.

.)- Tries to charge for a quote or need guarantee they get the job (this one blows my mind)- Not responsive or hard to get in contact with- Mark-up of materials or an excessive material handling fee (a small handling fee is okay)- Excuses to justify failure- Blatant overpricing because they think you might not understandA few things I like:- Responsive and easy to reach- Offers recommendations/alternatives without being asked- Do what they say when they say with quality and efficiency- Free, detailed quotes in a timely manner- Views the job as an opportunity to build a long term relationship- Competitive pricing (doesn't have to be the lowest but work must justify the price)- Manages their subs to reflect quality and professionalism