You don't have to pay all the fees involved with joining the MLS and having E&O insurance, but if you refer a potential client to your brokerage, you can get a small commission.

If your goal is to separate your business assets from personal assets...to protect you from getting sued, losing, insurance not covering the difference, and failing to settle...then your business LLC/land trust should accomplish that.

Thank you Mark,Are rents able to be adjusted to cover the cash flow of a mortgage, insurance, and other fee'sWhen i was looking at some four plexes the rents seemed to low to cover the expenses, but that was a year ago, I assume maybe the values have dropped.

He has 17 years experience in the insurance/real estate fields.

I don't know if you've got really screwy insurance rules in MI, or what your net worth is, but reading your post you are WAY OVERINSURED.

Don't forget to figure in Insurance, Maintenance, Mortgage, Taxes, any utilities the landlord pays, etc.

Additional info to my above post that I forgot to add.I'm planning to allow the buyers to claim the tax deductions for the payments they make, taxes, insurance--this will be written up by the attorney....my understanding from title co we present them with our purchase agreement and they send to the atty for the prep of the REC then the final pkg is held by an escrow that collects the payments until the "buy out" of the contract occurs in 2.5 years.Is there a better way to structure this and or what should I be aware of tax wise on this?

I confess I don't know if the problem is with the insurance companies, legislators, or a broken medical system.

According to Reuters:Washington Mutual, the largest U.S. savings and loan, was closed by the federal Office of Thrift Supervision, and the Federal Deposit Insurance Corp was named receiver.

The taxes, insurance and utilities will be roughly $360/month.The comparables are good: we can raise the rents about $200/unit/month or $800/month, maybe more.