It's one or the other.If you plan to be legit, and 1099 anyone who works for you, then your workers comp/general liability policy holder will need a copy of their insurance policies.

It merely gets the discussion in the ballpark.

Come with some money down, have some skin in the game and HMLs will be merely expensive instead of exorbitant. 

NYT merely states that investors seized the opportunity.  

@Michael Plaks You really have me re-thinking this and for all the info, thank you.

I promptly thanked you for that valuable correction and merely pointed out that the expense reporting requirement you cited is limited to instances where the tax payer is seeking the "Earned Income Credit".   

This is mainly due to two different factors: the demographics and the mere size of the economies.

It was a mere $250K split between multiple homeowners who had to abandon their homes. 

You already own the real estate and are merely paying down the debt. 

OUCH.... the mere title hurts to read.I am not an attorney but from my personal experience.....