We also didn't need to transfer the property, nor did we need the amount we agreed on, we will pay him that at settlement from the proceeds, so we saved time and money and once again reduced our exposure to risk. as well as didn't need to use funds or borrow money to   Lastly to spread the risk a little more we have incentivised the general contractor with a share in equity if he stays on schedule, on budget and performs a great job. 

So when requiring services In which I have limited exposure and knowledge of, I will get a minimum of 2 bids.

I know at some point I will want to place properties in an LLC to limit my exposure.

I try to be conservative, but not excessive. 

Any property with excessive equity is a liability.

I thought (and could be wrong) with a Traditional IRA you didn't get the tax write-off on the excess contribution, but no penalty.

@Greg V.LOSS PROVISIONSNew Limitations on “Excess Business Loss”In general, the passive loss rules under Code Sec. 469Reg. § 1.469-5Code Sec. 469 provides a limitation on excess farm losses that applies to taxpayers other than C corporations.

It may even benefit by selling its excess to the others.  

By answering them in the open forums it brings more value back to myself via the public exposure.

Without getting into excessive crime stats, lets just acknowledge the fact there was a murder on 500 Richwood two days ago.