Taxes - if you're wrongly claiming exemptions your taxes could change.Mortgage - if you're using owner occupied loans and you deed to LLCs, you could risk having the note called due.

Filed last years taxes and claimed 100k, so that should offset 2022s low number.

Safely I believe you have to have a minimum of 10 units to sign up, and Waivo seems to be raising prices while simultaneously getting more and more strict on denying claims.

Posters who claim a degree of success that would make them richer than Warren Buffet6.

To use an FHA loan to close on a building that has an illegal unit there must be at least one vacant unit in the building that you can claim as the one you will be living in. 

IMHO, starting at $150 was way generous, and I'd stick to that number.NOTE:  If they actually couldn't stay in the property, they could claim that against their renter's insurance--that's one of the reasons it's there, and why we require it on every rental.  

I would NEVER, EVER offer up a reason to a tenant - minimally, you'd be subjecting yourself to an unsolicited argument/negotiation, and could be opening yourself up to a discrimination claim or other such legal entanglements. 

If for some reason that does not work you would likely need small claims.  

You forget to claim a homestead exemption on taxes.

Lien Waivers: Require the contractor to provide lien waivers from themselves and all subcontractors to prevent any future claims against the property.