I once found a gun and 165 in cash in an old book and gotten lots of tools but never a 10k hotrod or anything as expensive as a hot rod.

I have always though of the idea but he actually put a book infront of me and said read it.

(avoids probate complications and maybe estate tax, if that is a concern... not for me)However, since they are in an LLC in my name, I don't know if it affects my ability to do so... any thoughts.http://www.transfer-on-death-deeds.com/transfer-on-death-deeds.com/Home.htmlhttp://www.nolo.com/legal-encyclopedia/free-books/avoid-probate-book/chapter5-1.html

Now there's ways to get around this and you can bet that a plaintiff's attorney will try every trick in the book.

@Shannon Xerri I devoured every book I could get my hands on.

According to property assessor, the cost basis of the structure of our 1 unit is 60000$, BUT according to our insurance company, it will take 112000$ to re-build.Last year we depreciated using 60000$ cost basis, but I am reading the book that suggests different methods, making a point that there's no right one.It's a huge difference, and according to the book ("Every landlord's tax guide" by Nolo"), usually county assessors UNDERESTIMATE, which gives me SMALLER deduction if I use their data!!!

My final advice would be to read some books on the subject of being a landlord and real estate investing.

There are entire books of over 1000 pages written on portfolio management and asset allocation.

BiggerPockets just released an e-book on Amazon.com for 0.99 that is a great synopsis of what you need to do to screen a tenant.

This is a topic I could write a book about, in fact I did (CFFU).It could happen within 2 years, but it’s unlikely, and here is why.