Hello BP community,I have given termination of lease to end this month to a Sec 8 tenant who violated the lease with subleasing, damage, and failure to cure and repair damages est. $35,000.

Will the source of the money cause me to get a higher interest rate than what I otherwise could qualify for?

My lease states the tenant is responsible for plumbing clogs unless the clog is caused by faulty plumbing. 

And depending on the state, gross negligence damages can include punitive damages for up to four times actual damages. 

I also would stay away from carpet, too many opportunities for it to get ruined, try to not let the cheap and easy appeal distract you from the headaches it could cause. 

I think not being in sites like this has caused me to lose my edge. 

This is causing a huge influx of people moving here for jobs.

Whether or not you have an LLC, if you are found to be grossly negligent, it could be you that is writing the check for the judgement, and depending on the state, it can be up to four times actual damage.  

The following is in my purchase agreement and I alway get a MOC on all purchases  MEMORANDUM OF CONTRACT RECORDABLE, PERSONS BOUND AND NOTICE: Buyer may cause to be recorded, at Buyer's option and expense, in the public records of the county in which the property is located, an executed Memorandum of Contract.

Also, in the rental agreement, it says:"HOLD HARMLESS AND INDEMNITY: OWNER of rental property shall not be liable forany damages and/or injury to TENANT and/or their guest(s), or their personal propertydue to TENANT’S acts, actions or neglect.