The only person who cares about your position is you!

Careful with umbrella policies and know what you get.I recently got one and what it does cover are things that happen at my home, with both our cars, and up to 3 named rental properties owned in our personal names.So no other ones even if we hold title and none that are owned in other ways and no coverage if I'm personally named in a lawsuit against one of my entities.It was still a good idea and good value so I got it, but I hardly feel bullet proof.I was told by my broker that this is pretty standard for an umbrella.

I think LO's are are great way to get started, as you aren't risking capital and as far as being young and inexperienced, if you wait about 35 years to start, then you'll be old and inexperienced, so who cares?

In today’s society there’s a growing sense of entitlement believing that the government should take care of everyone.

I would be VERY careful about not buying a place without central AC.

We don't really care where they're based out of, just as long as they're licensed in Indiana.Cheers,Kenny

I’d be careful using it to fund long-term investments; especially if you’re new and unused to obtaining conventional financing.

If you buy a property right, you'll be cash flow positive and the mortgage will be taken care of.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

My point is that when properly maintained and cared for I don't agree it's a foregone conclusion that laminate is going to fail in a kirchen.I'm not sure I understand your thought process when it comes to rentals.