For the last 7 months, I've been dealing with Homevestors and am currently in a lawsuit with them.

That seems like a very tricky area to avoid crossing the IRC since I would personally benefit from the insurance if it's paid for my the IRA and seems like a very dark gray area if I am paying for umbrella coverage that is protecting me personally from lawsuits arising from RE in an IRA.

His shows a recent lawsuit from the electric company in the amount of $535.

According to Martin's research, at least 929,000 square metres were imported through Vancouver between 2001 and 2006, all bound for Canadian destinations.So far, research shows some appears to have landed on the Prairies, some in Toronto, he said.One possibility is that the Chinese drywall was made using gypsum that was first used in slurry containing carcinogens to de-sulphur coal.Chemicals remaining in the wallboard are sufficiently toxic that as few as three sheets of drywall may be enough to contaminate a home to the point it may require bulldozing, Martin says.More of the article at URL above.More info:http://www.injuryboard.com/national-news/lawsuits-fly-over-chinese-drywall.aspx?

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

YOUR BACKSIDE IS COMPLETELY OPEN FOR A LAWSUIT IF THE HOUSE BURNS DOWNsorry for yelling

Once the neighbor kills them, you're problems are over (except the lawsuits).

The Land Trust also has the added benefit of removing you and your partners’ names from public filing, which is a very helpful accomplishment when seeking to avoid lawsuits.

As far as getting a sub2 contract, then assigning that contract, I don’t know that I’d want to be stuck in the middle if the buyer fails and law suits start flying.  

Also property management is very prone to lawsuits.