A) You probably won't have personal liability if you weren't involved in the screwup;B) However, the LLC will be responsible;C) The assets of the LLC can be used to satisfy any judgment;D) The property gets auctioned off;E) You lose your investment in that property.If you instead have the proper promissory note, personal guarantee, mortgage, etc... what possible result?

To accomplish this, it takes a face to face interview with advisors it can't be done on the phone in 30 minutes or quick e-mails.Boilerplate agreements are not designed for specific needs but for the masses, it's a product, the difference between a suit off the rack and a tailored suit, there is no way one size fits all.A well written O/A can cover many bases not addressed by canned forms.

Alerts are set up with the tiny print a little e below the search box.

Here they are:(A) sale or exchange, or leasing, of any property between a plan and a disqualified person;(B) lending of money or other extension of credit between a plan and a disqualified person;(C) furnishing of goods, services, or facilities between a plan and a disqualified person;(D) transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan;(E) act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interests or for his own account; or(F) receipt of any consideration for his own personal account by any disqualified person who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.For A, I wouldn't be selling, exchanging or leasing property.

Hop[e this helps.

When damage is caused by misuse or neglect, rather than as a consequence solely of normal and reasonable wear.a.)When sanitary napkins, garbage, grease, or foreign or harmful substances are placed into plumbing receptacles.b.)When damage results from activities or actions, which violate this agreement by Tenant or Tenant's guest(s).c.)When damage is caused by wind, rain, or other elements from leaving windows open or by the overflow of water in the property. d.)When and if the premises are burglarized or broken into. e.)Tenant agrees to be responsible for the cost of:i.all pest controlii.snow removaliii.any broken glass, no matter how it gets brokeniv.any broken door or lock - including storm doors, no matter how it gets broken.

Everyone....I'll certainly answer as anything asked of me as openly as possible...without revealing private information that will disclose who I really am....unless we speak via phone or through personal E-mail.

The reason I ask is because I've been trying to E-mail renters wanted ads from craigslist and haven't even gotten a reply, and I've sent out over 100 emails.

I have many rentals and if I send you my schedule E, you'll see it shows that rentals cost more than just PITI to own, sad, but true.2) If you just "ride it out" for 3 years, and then add back your maintenance and replacement later, and don't think of it as part of your rental, you don't really have the $1,000 cash flow "ROI" that you speak of, but you'll come out ok, most likely.3) Assuming you're an aging "boomer" as I am, or as you stated, at least headed for retirement, you probably made a good move, as if it's a desirable retirement destination for boomers with money, the competition for houses in that area would likely grow, so you may have been wise to lock something in now.It's hot over there, don't forget to get the air conditioning serviced regularly - hopefully you've got someplace cool to go in August.Joffrey Long

I've been at ETC for several years but lately it seems that they can't get things done without endless phone calls and e-mails.I'll take your advice on the alternatives to SDIRA's