My lawyer has suggested each property be held within its own separate LLC to minimize risk to me in case of lawsuit for whatever reason (i.e. trip & fall etc..)The current owner, who lives in the area (but not in these properties), is paying respectively  $1,000/year per home.

Why would any sane agent risk a lawsuit by recommending a Subject To transaction and how would the agent get paid?

We are still in the process of resolving the issues by pulling permits and re-doing the work but its a lengthy process and will still be a couple more weeks until it is resolved.Finally, I get a lawsuit letter from the tenant’s attorney today claiming emotional distress, hardship, food costs, lodging, etc. to the tune of $30,000 even though they moved into a new home within a couple days of leaving my property.

Of course this is ‘not guaranteed’ but reasonably safe to protect yourself against liability lawsuits.

Separate property includes property you owned before you were married, property you inherited, income and gains from separate property and damage awards from a lawsuit.

It is just as important as the rental home you purchased.This Industry has to do with legal issues, and many lawsuits, and if you don't have the best to protect your investment, then you won't be in this business very long.I know, it seems silly to think that by investing in a financial software program verse Excel will make any difference at all, but it truly does to the person you want to borrow money from.

(See my blog on What you can say and not say) to avoid discrimination lawsuits. 12.

I’m seeking information about a Quiet Title lawsuit against absentee owners in the state of Louisiana.The property has four owners on the title.

Cap Rate: Looks respectful but some one here will brag it is not highCash Flow: + goodness directionI will check with Association looking at lawsuits, restrictions and income statement that show they will allow you to rent to others.

There is a commonly believed myth that owning property in an LLC will protect you from lawsuits.