Today Wachovia was cobbled up by all powerful Citi (which, weren't they in a biggest of messes two years ago).What impact, if any, would you think this might have on the closing?

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.

Also I am sure you will gain not only a powerful network, but also amazing information here.I look forward to hearing about some of your new rentals you will be acquiring soon!

I have heard in some markets like Florida and the gulf coast, insurance makes it almost impossible to buy in huricane areas, however, in normal areas without conditions like that, market rents will limit price drops.

However, an LLC is penetrable if you make a personal guarantee, which you will most likely have to do since your LLC has limited assets and credit history if any.LLC's are more for when your tenant breaks a leg and wants to go after your assets.

So... all that is left to get involved are the power-hungry folks.

Not 100% sure but I did hear somewhere that the limit is no longer 10, but lower.

Seems there is some limit to how much the banks have to pay into the HOAs.

See then you have all the power.

I'd like to see politicians not get paid at all, and limit terms to 4 years and out.