If a child gets injured or worse, you can be guaranteed that you will be sued as the "deep pocket."

Mom got brain cancer and I need to be close to her, a job relocation, my kid got injured and is now permanently in a wheelchair and the old house isn't wheelchair friendly, old house burned down, etc, are what we're looking for.The other alternative, depending on how much it'll cost you, etc, would be to refinance the duplex into investment property financing with a closing concurrent to the FHA purchase closing.

Wc insurance is required by all people that work in construction .. even sole proprietors .. this is of course if your intending on keeping things legal and not wanting to risk getting sued by a injured worker .. a officer of a LLC or a corperation can get exempt  from   Workers Comp but they have to file for it .. so if you have anyone who you hire that tells you they are excempt .. ask to see their certificate .. then check online to see if it is valid .. unfortunately  .. if you dont check and they get injured , you can still be held liable .. good luck and ..God Speed , Michael Short 

Afterward I spoke with a few that had been, to a man they admitted that the plaintiffs had been injured and that had they settled for a "reasonable" amount the lawsuit would probably not have happened.None of them thought the plaintiff had "made out financially" via the courts.all cash

the umbrella not only protects you from excess exposure above your policy if someone gets injured on your investment property, but also if you are sued due to a motor vehicle accident.

I was recently injured on my last deployment and I am going to be receiving a $50,000 insurance pay out here in the next 3 weeks.

However, if someone were to get injured on the property and they find your janky bedroom to be at fault, you open yourself to extra liability.  

That is not my concern because I believe that if a tenant is injured on my property and that injury is a result of my actions or negligence an good attorney will find a way to go after me and not just the business entity. 

For example "if I or one of my family members is injured or killed by a malfunction of one of the appliances in your home, will your insurance cover it?"  

I was recently injured at work, and spent the last two months attending PT 3x a week and routine DR.