The tenant's mention of a lawsuit is typically an empty threat.As someone that's dealt with plenty of mold and mold claims, this one looks like a fat nothing burger.

For non-rental small businesses, please speak to the advisor, as you might benefit from holding S-corps individually.To reduce your tax burden, look into strategies like cost segregation and, if possible, one of you claiming real estate professional status to offset your W-2 income.

Banks don't do sub-accounts unless they are very large, like Allstate Claims Division, which is probably a subsidiary. 

Thanks @Koren Lavi I did attend few through eventbrite but they turned out to be something else than what they claimed to be lol.

I have made the county aware but am waiting for judge to decide if sale will go thru by I am worried since they dont guarantee clear title they are going to deny my claim for refund. 

Unless you quit-claim or buy sub2 and do it correctly, you could avoid the transfer of sale and keep the previous owners rate.  

Hey all you land trust junkies I just got an e mail from a title company in MO that closed a deal a few years ago and the buyer put it in a land trust they are trying to sell .. but the title company wont insure it as they claim land trust are not legal entities in MO.so title needs me to do a new deed to clean up title which of course we will do.. but just think if the sellers in other situations were not in the bizz like us and would not understand or respond or you cant find them all those land trust are dead in the water currently.  

What if she dies, claims bankruptcy, misses payments, gets a new partner who you don’t get along with and they intentionally screw you over in some way, etc.

you can go to your insurance claims agent (the claims person that you talked to on the phone and has probably sent you 10 emails)  you need to file an addendum to your claim as you need more money from your policy to repair the property. 

@Todd Allen I dropped my coverage after I had 3 houses flood in Hurricane Harvey and they denied my claims because Windstorm only covers water coming down, not up.