Your personal assets are protected by the LLC structure, and the claim didn't exceed the combined insurance limits, so the LLC's assets might not even be significantly impacted beyond the deductible and potential premium increases.If you only had the umbrella and not the LLC, a claim exceeding your underlying limits could still potentially put your personal assets at risk if the umbrella limit was also exhausted or if the claim wasn't fully covered.

They are nothing more than an RV at best.So, like @John Underwood said, you might be able to get a loan for the bare land, but will be on the hook for the improvements, utility runs etc.Just be prepared to have a bunch of cash on had to get rolling.

Nothing exemplifies this better than an interaction I had yesterday in the forums with a fellow poster who bought a $150K turn key house and posted the homes marketing photos.

I didn’t want to use vacation days, and most evenings I was too exhausted to head over there.

I am having trouble finding qualified tenants and it's exhausting and discouraging. 

Relying too much on a HELOC can really make things tight if you exhausted all your savings and the property is not going well. 1% is a broad way to "weed" things out but I would still run #'s any on deal that looks interesting.

I also used to live in Tacoma myself, and let me tell you, that daily commute to Bellevue (Seattle for you) for work was exhausting with all the traffic.

I've spoken to the rep in Ashcroft and looks like they've seem to exhausted a lot of options before approaching us.

Hi Sarah,Thanks for sharing your story — I can completely understand how exhausting and frustrating a drawn-out eviction process can be, especially when you're managing it from out of state.

Generally speaking, you should always first explore and exhaust the seller financing option especially given a friendly seller.