(even though your liability coverage from your homeowners would defend such a suit)It depends on the facts of the issue at hand.if such a strategy would work.Your renting the property is not really an arm's length transaction either, you'll pay income tax on your rent, but the interest will be expensed.

Even if you held a gun to Al Gores head and made him confess, and showed this person every piece of data available clearly showing the earth cooling, that person will not change their belief system.Furthermore some people when they have these beliefs challenged can get very nasty defending it.

I understand, I got a quote from Champion windows on my first house ;-)Depending on the window you could replace just the glass if you can take it out.

The Supreme Court has already said "no"...Just because you might want to throw aside the Constitution every time it defends something you and Glenn Beck don't like doesn't mean that our judicial system is going to do it.

Before being on the commercial side I was doing mainly short sales on the residential side about 4 years ago.The real estate commission and many others didn't even know what they were.In a appreciating market lenders won't do short sales usually as by the time it forecloses the asset has improved in price to cover more of the lender costs.I will tell you in short sales you can't make sense out of non-sense.I have had a short sale listing where we received 10 offers at 105k.An out of county agent did the BPO for the bank.Comps used were horrible.Bank rejected all the offers and went to foreclosure 2 months later.Re-listed as REO in month 3 and sold for 69,000.No sense but whatever.Sometimes the investors who own the loan think they have a diamond and it turns out to be a lemon but takes awhile for them to see it.2 years is not uncommon to hold up.Many times the investor would prefer to do a workout and put back payments on the loan then to take a big loss.Example rather than foreclosing and taking a big hit investor opts to reduce the home owners interest rate down to say 3% and then roll in the past due fees.So loan at 8% at 200k now you reduce to 3% and roll in 40k in back fees plus the servicer still makes fees off of the loan.Some states are very expensive to foreclose in as they use the judicial process.Also many lenders were using MERS to record documents and attorneys for the home owners can sue to show the foreclosing party doesn't have a legal right to the property.If a home owner knows their rights they can drag it out for years and years.A lender defending a lawsuit in court can costs hundreds of thousands of dollars over time.A good publication to read is www.mortgageservicingnews.com

I wouldn't be shocked if you were to be named the defendant in a lawsuit due to this scalding incident; ignorance ("personally i didnt even know they had scald protectors") is usually not an acceptable excuse.

Do not just pick up a template at Office Max or Staples.An attorney will be defending your lease in court when (not if) you have an eviction.

Hi John,unfortunately, a LLC doesn't save you from paperwork - quite the contrary.You still need all your receipts to substantiate your expenses to the IRS (if it comes to defending an audit).You definitely want to have separate accounts to show that the LLC is indeed a distinct entity and you definitely do not want to mix your and the LLC moneys.Mixing personal and business funds more or less automatically kills the point and benefit of the LLC since it needs to documented as a separate, business entity.There's a ton of LLC related discussions on BP, plus I found the NOLO books on dealing with Tax for Landlords to be outstanding.You have plenty of time to ramp up on this aspect.Get a bunch more rentals under your belt to build up your net worth.

Can't you defend your contracts?

It sounds to me like the landlord knew of the mold problem and disclosed in the lease that it was common for the area as a way to defend themselves and hold you to the lease when it poped up throgh the paint job they did prior to leasing the property.