I don't participate in auctions unless I'm divesting assets as a seller or attending a trustee sale (foreclosure auction) in CA in order to protect a price or perfect title.I suggest you deal with the "Why Joseph doesn't attract the right kind of opportunities" part and forget about a deal that's becoming a distraction for you.

There are pros and cons of LLCs:Cons: Need insurance (including umbrella policy)You are restricted to commercial financing; for me that is 5-5-5 ARMs (total mortgage due in 15 years max)You file two tax returns (1 LLC, 1 Personal)Pros: Depending on your state, an LLC offers protection to the assets outside of the LLCLLCs are pass-through tax entities, meaning that any taxes pass through to your personal tax returns.

Unfortunately, it is quite accessible from the street so there isn't much that can be done to protect it.

If you have the house under contract, that is your "protection".3 - Yes

I just need to know what I should do if anything to protect my investment.What is The most prudent thing I can do to protect my own interest?

In my eyes, part of a lease is for legal protection and part of it is to make sure expectations are clear.

A couple of weak points in my knowlege are coprate structures/ asset protection and taxes.

Bottom line, I want to be able to get more deals under contract, but also want to protect myself so I don't have to spend $500-$1,000 on inspections and appraisals just to get out of each deal.

An attorney is going to charge you for having one of their paralegals do exactly the same steps.Where an attorney is needed is in really defining your asset protection strategy.

Anybody else catch that Aon Rent Protect rental insurance has stopped issuing policies?