If your policy changes or is canceled, the PM will be notified.

Potentially we have another 4 years after that, where if those policies don't change and we have several million more immigrants and they will need someplace to live...again case for multifamily and mobile homes.....and if we teach all the immigrants coming here to be great consumers like the rest of us already here...that probably is a good storm for warehouses too if we can get them to sign up for Amazon accounts.Maybe a third asset class on both fronts is biomedical research space.....drug/medical device companies even during the downturn seem to do well and they need a place to do their research. 

There is a little more red tape for FHA loans around safety related aspects like chipping paint, broken windows, etc., but a great choice to jump into the game!

@Daniel BenyaminNot everyone is as lucky as me when it comes to living in an area where it's easy to enter the market.I've made it a long way in this business and I still wouldn't invest in those markets (New York, California, Chicago, etc.) because the policy makers make it harder for investors to conduct their business and they attack the bottom line.Go OOS where you can purchase more properties for the same amount of capital.

Home Warranty (far from perfect, many people don't like them for a lot of reasons mainly because they are a pain to deal with, but as a safety net for someone looking to get going despite not having super deep pockets yet, they are worth looking into IMO, just pick a company with a good track record, and often you can have your agent pay for it as a closing gift). 

So the protection provided by an LLC structure is from personal liability for the debts of 'another' and that is whether or not there is an insurance policy.

They may need to alter the policy temporaily to make sure he is covered since there is a "tenant" there. 3.

In general, I wouldn't recommend giving any deal to more than two (2) insurance brokers because there's only so many carriers that are going write policies for these deals.

It will save you literally thousands and will act as an insurance policy in the event you get audited since someone else did your taxes and you didnt throw them into turbotax and hope for the best. 

This policy will provide additional coverage above what your existing policy covers.