If this sale happens, it will probably be a cash deal, at least that's what it's sounding like to me.The potential buyers concern is his ability to rent both upper and lower flats.

So just be sure that this doesn't qualify as offering significant services which would change you tax filing status.Usually if you refer a guest to a boat rental place or whatever and get nothing, it isn't an issue, but sometimes when offer the ability to book something like a chef, it can be construed as significant service offering.Double check with your tax pro just to be sure.

The consumer doesn't have the ability to file an E&O claim against the agent, only the person who ha the policy can make a claim.

Do you have the ability to buy another home that would make you happy and rent the other out? 

Rent control may prevent you from increasing the rent fast enough to keep pace with inflation, limit your ability to select a reliable tenant, and make evictions of non-performing tenants difficult or impossible.

In your case though, you have to be careful when it comes to risks as there's other people's money on the line, as well as your reputation and your ability to raise money in the future.Hope this helps.

She has the ability to pay rent, but would rather spend it on material items than her bills.

If you have the ability to manage managers, then for the next decade you will have the opportunity to buy out retiring Boomers in whatever industry you like.

If you have lower class rentals C-/D class then you might feel you need to be able to pressure tenants to keep them in line and the ability to non-renew them could be a benefit.

If you fail to do so and the insurer's ability to defend you is adversely impacted, your coverage may be affected.