TX has a state limit of 80% from what I have seen.

Trada's attorney for Texas is bailing on them, Marin, and other defendants.Looks like bankruptcy for Trada VI so that the limited partners will be on the hook for the amount of their investment.Also appears Boise office closing with their furniture being repo'ed.

They have a good book called "You Limited Liability Company" subtitled an operating manual.

Not only are we talking about gas for the boat, but also gas for the generator which will likely have to power your island.

In my quite limited experience, yard signs (the generic kind) have brought lots of phone calls, but all my actual tenants have come because of free ads on Craigslist.

"privacy", I mean that an LLC or corporation offers specific, legal protections that limit the liability for some actions to the company vs. its members or shareholders.

I comfort myself in the thoughts of one philosophy: In order for a person to achieve complete happiness and fulfillment in life he/she needs three things: power, respect, and sex.

These are usually limited to 65-70% of the ARV (after repaired value.)

But do not count on the extra cash for closing costs or rehab.The lenders are now giving their 80% LTV (or 75%) of the sale price OR appraised value WHICHEVER IS LOWER for investment properties.My best advice is to go check with the bank first: ask these questions, get pre-approved, know your financial limits, etc.

One of the great things with real estate is that your creativity is the only limitation.